Callan Family Office LLC Purchases 6,438 Shares of Microsoft Co. (NASDAQ:MSFT)

Callan Family Office LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 37.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,557 shares of the software giant’s stock after acquiring an additional 6,438 shares during the quarter. Microsoft makes up 1.7% of Callan Family Office LLC’s portfolio, making the stock its 15th biggest holding. Callan Family Office LLC’s holdings in Microsoft were worth $10,137,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc increased its position in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Quarry LP purchased a new stake in Microsoft in the second quarter worth about $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the second quarter worth about $75,000. Bellevue Group AG increased its position 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 buying an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC increased its position in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,431 shares of company stock valued at $74,956,968 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $417.00 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a 50 day moving average price of $421.94 and a 200 day moving average price of $426.07. The firm has a market capitalization of $3.10 trillion, a P/E ratio of 34.41, a P/E/G ratio of 2.21 and a beta of 0.91. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.99 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its Board of Directors has authorized a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s payout ratio is 24.75%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. UBS Group cut their target price on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. The Goldman Sachs Group cut their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, TD Cowen cut their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target 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.