Microsoft Co. (NASDAQ:MSFT) Stock Position Lowered by Mill Capital Management LLC

Posted by Defense World Staff on Oct 19th, 2023

Mill Capital Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,711 shares of the software giant’s stock after selling 12,297 shares during the period. Microsoft comprises about 7.5% of Mill Capital Management LLC’s holdings, making the stock its 3rd largest position. Mill Capital Management LLC’s holdings in Microsoft were worth $80,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft in the 1st quarter valued at about $28,000. Gleason Group Inc. lifted its holdings in Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after purchasing an additional 105 shares in the last quarter. Syverson Strege & Co lifted its holdings in Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after purchasing an additional 124 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 39.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 303 shares of the software giant’s stock valued at $103,000 after purchasing an additional 85 shares in the last quarter. Finally, Alapocas Investment Partners Inc. purchased a new position in Microsoft in the 1st quarter valued at about $97,000. 69.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock worth $38,195,619 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Microsoft stock opened at $330.11 on Thursday. The stock has a market cap of $2.45 trillion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 2.45 and a beta of 0.91. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $325.22 and a 200-day moving average of $322.57. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78.

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

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.91%. Microsoft’s dividend payout ratio (DPR) is 28.07%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MSFT. Mizuho upped their price objective on shares of Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Monday, July 17th. Tigress Financial upped their price objective on shares of Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Guggenheim raised shares of Microsoft from a “sell” rating to a “neutral” rating in a research note on Monday, September 25th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $400.00 price objective on shares of Microsoft in a research note on Monday, October 2nd. Finally, Rosenblatt Securities upped their price objective on shares of Microsoft from $360.00 to $370.00 and gave the company a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $377.85.

Check Out Our Latest Report on MSFT

About Microsoft

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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.