Callan Family Office LLC Buys Shares of 7,386 Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 17th, 2023

Callan Family Office LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,386 shares of the software giant’s stock, valued at approximately $1,771,000. Microsoft accounts for about 0.6% of Callan Family Office LLC’s portfolio, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Iron Horse Wealth Management LLC acquired a new position in shares of Microsoft during the fourth quarter worth about $26,000. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter worth about $28,000. Hanseatic Management Services Inc. boosted its position in shares of Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after buying an additional 55 shares during the period. Retirement Financial Solutions LLC acquired a new position in shares of Microsoft during the fourth quarter worth about $40,000. Finally, PayPay Securities Corp acquired a new position in shares of Microsoft during the fourth quarter worth about $54,000. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 1.7 %

Shares of NASDAQ:MSFT opened at $342.33 on Friday. The business’s 50 day simple moving average is $311.86 and its 200 day simple moving average is $274.16. The company has a market capitalization of $2.55 trillion, a P/E ratio of 37.09, a P/E/G ratio of 3.00 and a beta of 0.93. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $351.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.22 EPS. On average, research analysts anticipate that Microsoft Co. will post 9.65 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio is presently 29.47%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was 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 owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 5,081 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total value of $1,588,015.74. Following the sale, the chief marketing officer now directly owns 94,328 shares in the company, valued at approximately $29,481,273.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,331 shares of company stock valued at $15,867,278. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Microsoft from $315.00 to $350.00 in a research report on Thursday. Moffett Nathanson increased their price target on Microsoft from $263.00 to $306.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Stifel Nicolaus increased their price target on Microsoft from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. StockNews.com assumed coverage on Microsoft in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, DA Davidson increased their price target on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. One investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.23.

About Microsoft

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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.