Callan Capital LLC Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Callan Capital LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,266 shares of the software giant’s stock after buying an additional 1,704 shares during the quarter. Microsoft makes up 1.0% of Callan Capital LLC’s investment portfolio, making the stock its 23rd largest position. Callan Capital LLC’s holdings in Microsoft were worth $12,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Promethos Capital LLC lifted its position in shares of Microsoft by 135.9% during the second quarter. Promethos Capital LLC now owns 18,870 shares of the software giant’s stock worth $8,434,000 after purchasing an additional 10,870 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Microsoft by 20.6% in the second quarter. Canada Pension Plan Investment Board now owns 7,575,391 shares of the software giant’s stock valued at $3,385,821,000 after acquiring an additional 1,293,466 shares in the last quarter. Davidson Capital Management Inc. raised its holdings in Microsoft by 8.6% in the second quarter. Davidson Capital Management Inc. now owns 7,483 shares of the software giant’s stock valued at $3,345,000 after acquiring an additional 590 shares in the last quarter. Joseph Group Capital Management increased its stake in Microsoft by 4.9% during the second quarter. Joseph Group Capital Management now owns 7,686 shares of the software giant’s stock valued at $3,435,000 after purchasing an additional 357 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Microsoft by 2.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 42,471 shares of the software giant’s stock worth $18,983,000 after acquiring an additional 1,059 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $420.18 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.12 trillion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The business’s 50-day moving average price is $420.74 and its 200-day moving average price is $424.80. Microsoft Co. has a 12 month low of $357.63 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the business posted $2.99 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 12.95 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has approved a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.79%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is 27.39%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Morgan Stanley raised their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, UBS Group cut their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Company Profile

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.