Microsoft Co. (NASDAQ:MSFT) is Global Trust Asset Management LLC’s 7th Largest Position
Global Trust Asset Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,341 shares of the software giant’s stock after buying an additional 1,023 shares during the quarter. Microsoft comprises 2.0% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Global Trust Asset Management LLC’s holdings in Microsoft were worth $3,635,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC increased its position in Microsoft by 3,250.0% during the 4th quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Newfound Research LLC acquired a new stake in shares of Microsoft in the third quarter worth $32,000. FNY Investment Advisers LLC acquired a new position in shares of Microsoft during the 3rd quarter valued at $45,000. Carolina Wealth Advisors LLC boosted its position in Microsoft by 20.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 341 shares of the software giant’s stock worth $72,000 after purchasing an additional 57 shares during the period. Finally, Your Advocates Ltd. LLP increased its holdings in Microsoft by 588.2% in the 2nd quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock valued at $71,000 after purchasing an additional 300 shares in the last quarter. 63.89% of the stock is currently owned by institutional investors and hedge funds.
Microsoft stock opened at $216.34 on Thursday. Microsoft Co. has a 1 year low of $132.52 and a 1 year high of $232.86. The firm’s 50-day moving average is $217.71 and its 200-day moving average is $212.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53. The company has a market cap of $1.64 trillion, a P/E ratio of 34.95, a PEG ratio of 2.54 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 11th. Stockholders of record on Thursday, February 18th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Wednesday, February 17th. Microsoft’s payout ratio is 38.89%.
Several brokerages have recently weighed in on MSFT. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the stock from $229.00 to $272.00 in a research report on Monday, December 21st. Jefferies Financial Group set a $260.00 price target on Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 28th. Summit Insights downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Piper Sandler boosted their target price on shares of Microsoft from $218.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, Stifel Nicolaus raised their price target on shares of Microsoft from $220.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $236.71.
In other Microsoft news, EVP Kathleen T. Hogan sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $212.43, for a total value of $6,372,900.00. Following the sale, the executive vice president now directly owns 189,064 shares in the company, valued at $40,162,865.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Bradford L. Smith sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $222.58, for a total transaction of $44,516,000.00. Following the transaction, the president now owns 778,439 shares of the company’s stock, valued at approximately $173,264,952.62. The disclosure for this sale can be found here. In the last three months, insiders sold 334,500 shares of company stock worth $74,142,240. Company insiders own 0.05% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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