Banque Transatlantique SA Has $557.34 Million Stock Holdings in Microsoft Corporation $MSFT

Banque Transatlantique SA cut its stake in Microsoft Corporation (NASDAQ:MSFT) by 23.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,115,794 shares of the software giant’s stock after selling 345,496 shares during the period. Microsoft accounts for approximately 15.4% of Banque Transatlantique SA’s portfolio, making the stock its largest position. Banque Transatlantique SA’s holdings in Microsoft were worth $557,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barrier Capital Management LLC bought a new position in Microsoft in the second quarter worth $19,594,000. Benchstone Capital Management LP bought a new stake in shares of Microsoft during the 2nd quarter valued at $50,934,000. Bienville Capital Management LLC grew its position in shares of Microsoft by 1.5% in the 2nd quarter. Bienville Capital Management LLC now owns 13,937 shares of the software giant’s stock worth $6,932,000 after buying an additional 204 shares during the period. Bishop & Co Investment Management LLC bought a new position in shares of Microsoft in the 2nd quarter worth about $217,000. Finally, Blue Capital Inc. purchased a new position in Microsoft during the 2nd quarter valued at about $1,004,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $478.53 on Friday. The firm’s 50-day moving average price is $504.05 and its 200-day moving average price is $502.05. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a market cap of $3.56 trillion, a PE ratio of 34.03, a PEG ratio of 1.81 and a beta of 1.07. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.48. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The company had revenue of $77.67 billion for the quarter, compared to the consensus estimate of $75.49 billion. During the same quarter in the prior year, the firm earned $3.30 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is 25.89%.

Analyst Ratings Changes

MSFT has been the topic of several research reports. Barclays reissued an “overweight” rating and set a $625.00 price objective on shares of Microsoft in a research note on Friday, August 29th. Jefferies Financial Group reissued a “buy” rating and issued a $675.00 price target on shares of Microsoft in a research report on Wednesday, December 3rd. Redburn Partners set a $560.00 price objective on Microsoft in a research report on Wednesday, October 22nd. KeyCorp reiterated an “overweight” rating on shares of Microsoft in a research note on Thursday, October 30th. Finally, BMO Capital Markets cut their target price on Microsoft from $650.00 to $625.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $632.34.

Insider Buying and Selling

In related news, CEO Judson Althoff sold 12,750 shares of Microsoft stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the sale, the chief executive officer owned 129,349 shares of the company’s stock, valued at $63,577,620.48. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 2,850 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $478.72, for a total value of $1,364,352.00. Following the completion of the transaction, the executive vice president directly owned 55,782 shares in the company, valued at approximately $26,703,959.04. This represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,100 shares of company stock valued at $27,598,872 over the last 90 days. Company insiders own 0.03% of the company’s stock.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.