Chesapeake Wealth Management trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,957 shares of the software giant’s stock after selling 454 shares during the period. Microsoft accounts for 3.4% of Chesapeake Wealth Management’s portfolio, making the stock its 3rd largest holding. Chesapeake Wealth Management’s holdings in Microsoft were worth $7,664,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC bought a new stake in Microsoft in the 4th quarter valued at $26,000. Hanseatic Management Services Inc. increased its holdings in Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Retirement Financial Solutions LLC bought a new stake in shares of Microsoft in the 4th quarter worth about $40,000. Finally, PayPay Securities Corp bought a new stake in shares of Microsoft in the 4th quarter worth about $54,000. 69.15% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Microsoft
In other news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Teri List sold 1,250 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the sale, the director now directly owns 874 shares of the company’s stock, valued at approximately $292,588.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,331 shares of company stock worth $15,867,278. 0.03% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Microsoft Trading Down 1.7 %
NASDAQ MSFT opened at $342.33 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.55 trillion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The company has a 50 day moving average price of $311.86 and a 200 day moving average price of $274.16. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $351.47.
Microsoft (NASDAQ:MSFT – Get Rating) last posted 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. The firm had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.22 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 9.65 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a yield of 0.79%. Microsoft’s payout ratio is 29.47%.
Microsoft 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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