Callan Family Office LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,386 shares of the software giant’s stock, valued at approximately $1,771,000. Microsoft makes up approximately 0.6% of Callan Family Office LLC’s portfolio, making the stock its 27th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares in the last quarter. State Street Corp raised its holdings in Microsoft by 0.7% during the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Microsoft by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 142,731,177 shares of the software giant’s stock worth $34,172,705,000 after purchasing an additional 3,268,917 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.
Insider Activity at Microsoft
In related news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $308.70, for a total value of $1,543,500.00. Following the completion of the transaction, the chief marketing officer now owns 105,206 shares of the company’s stock, valued at approximately $32,477,092.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,331 shares of company stock valued at $15,867,278. 0.03% of the stock is owned by insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. During the same period in the previous year, the firm earned $2.22 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 9.65 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, August 16th. Microsoft’s payout ratio is 29.47%.
Analyst Ratings Changes
MSFT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $315.00 to $350.00 in a report on Thursday. Evercore ISI lifted their target price on shares of Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. KeyCorp lifted their target price on shares of Microsoft from $316.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $260.00 to $325.00 in a report on Wednesday, April 26th. Finally, BNP Paribas cut shares of Microsoft from an “outperform” rating to a “neutral” rating and cut their target price for the company from $310.00 to $300.00 in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.23.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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