Microsoft Co. (NASDAQ:MSFT) Holdings Lessened by Hillman Capital Management Inc.

Posted by Defense World Staff on Sep 11th, 2023

Hillman Capital Management Inc. reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,372 shares of the software giant’s stock after selling 172 shares during the period. Microsoft comprises 3.9% of Hillman Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Hillman Capital Management Inc.’s holdings in Microsoft were worth $10,198,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Spinnaker Investment Group LLC increased its holdings in Microsoft by 2.6% during the 1st quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock valued at $3,445,000 after acquiring an additional 305 shares in the last quarter. Kalos Management Inc. acquired a new stake in shares of Microsoft during the 1st quarter worth about $159,000. Quilter Plc boosted its position in shares of Microsoft by 1.4% in the fourth quarter. Quilter Plc now owns 844,299 shares of the software giant’s stock worth $202,480,000 after acquiring an additional 11,563 shares during the last quarter. Premier Fund Managers Ltd boosted its position in shares of Microsoft by 117.2% in the first quarter. Premier Fund Managers Ltd now owns 85,364 shares of the software giant’s stock worth $24,250,000 after acquiring an additional 46,056 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. boosted its position in shares of Microsoft by 3.1% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 200,299 shares of the software giant’s stock worth $48,036,000 after acquiring an additional 6,000 shares during the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,049 shares of company stock valued at $38,195,619. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Microsoft stock opened at $334.27 on Monday. The company has a market cap of $2.48 trillion, a PE ratio of 34.50, a P/E/G ratio of 2.43 and a beta of 0.90. The company has a fifty day moving average price of $332.46 and a two-hundred day moving average price of $310.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. The firm had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.23 earnings per share. Research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is 28.07%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho raised their target price on shares of Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Bank of America raised their price target on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Redburn Partners cut their price target on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Tigress Financial raised their price target on shares of Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Finally, Credit Suisse Group raised their price target on shares of Microsoft from $350.00 to $420.00 in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $373.68.

Check Out Our Latest Stock Analysis on Microsoft

Microsoft Company Profile

(Free Report)

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.