Hayek Kallen Investment Management Has $28.04 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Hayek Kallen Investment Management lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,735 shares of the software giant’s stock after selling 483 shares during the quarter. Microsoft makes up 10.5% of Hayek Kallen Investment Management’s portfolio, making the stock its 2nd biggest position. Hayek Kallen Investment Management’s holdings in Microsoft were worth $28,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in shares of Microsoft during the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC raised its holdings in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Bellevue Group AG raised its holdings in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Horizon Financial Services LLC bought a new position in Microsoft in the first quarter worth $80,000. Finally, Cooksen Wealth LLC bought a new position in Microsoft in the fourth quarter worth $86,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.8 %

MSFT opened at $430.59 on Friday. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The firm’s 50 day simple moving average is $423.50 and its two-hundred day simple moving average is $423.36. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.20 trillion, a PE ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. TD Cowen increased their price objective on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Morgan Stanley decreased their price objective on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Argus increased their price objective on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Citigroup cut their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Tigress Financial increased their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $494.72.

About Microsoft

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.