Microsoft Co. (NASDAQ:MSFT) Shares Bought by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,916 shares of the software giant’s stock after buying an additional 120 shares during the quarter. Microsoft accounts for about 0.5% of Chickasaw Capital Management LLC’s portfolio, making the stock its 20th largest holding. Chickasaw Capital Management LLC’s holdings in Microsoft were worth $12,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc raised its position in shares of 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 acquiring an additional 44 shares during the period. Quarry LP purchased a new position in shares of Microsoft in the 2nd quarter valued at about $45,000. Innealta Capital LLC acquired a new position in Microsoft in the 2nd quarter worth about $75,000. Bellevue Group AG raised its holdings in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC grew its holdings in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MSFT shares. UBS Group reduced their target price on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. KeyCorp upped their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group dropped their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,431 shares of company stock worth $85,796,688 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $423.46 on Friday. The stock has a fifty day simple moving average of $420.84 and a 200-day simple moving average of $426.46. 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 stock has a market cap of $3.15 trillion, a PE ratio of 34.94, a P/E/G ratio of 2.24 and a beta of 0.91. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.99 earnings per share. Equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

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 $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. Microsoft’s payout ratio is presently 27.39%.

Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Microsoft 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.