Microsoft Co. (NASDAQ:MSFT) is Chaney Capital Management Inc.’s 5th Largest Position

Chaney Capital Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,876 shares of the software giant’s stock after buying an additional 127 shares during the quarter. Microsoft makes up 5.5% of Chaney Capital Management Inc.’s portfolio, making the stock its 5th largest position. Chaney Capital Management Inc.’s holdings in Microsoft were worth $9,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft in the 2nd quarter valued at about $75,000. Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC increased its stake in Microsoft by 241.4% during the 2nd 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. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT opened at $423.35 on Friday. The firm has a market capitalization of $3.15 trillion, a P/E ratio of 34.93, a PEG ratio of 2.37 and a beta of 0.90. The stock has a fifty day moving average of $428.62 and a 200-day moving average of $428.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

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

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is currently 27.39%.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MSFT shares. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup cut their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Finally, Morgan Stanley boosted their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $509.90.

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.