Kirtland Hills Capital Management LLC Purchases 74 Shares of Microsoft Co. (NASDAQ:MSFT)

Kirtland Hills Capital Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,383 shares of the software giant’s stock after purchasing an additional 74 shares during the period. Microsoft makes up approximately 1.1% of Kirtland Hills Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Kirtland Hills Capital Management LLC’s holdings in Microsoft were worth $2,316,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC grew its position in Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Ameriprise Financial Inc. increased its holdings in Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after acquiring an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after buying an additional 1,563,533 shares in the last quarter. Swiss National Bank lifted its position in shares of Microsoft by 0.3% during the third quarter. Swiss National Bank now owns 20,957,770 shares of the software giant’s stock worth $9,018,128,000 after acquiring an additional 57,800 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Microsoft by 1.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after purchasing an additional 251,408 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.6 %

Microsoft stock opened at $444.06 on Monday. The company has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The business’s fifty day simple moving average is $431.05 and its two-hundred day simple moving average is $425.54.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.99 EPS. As a group, equities analysts predict that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen decreased their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Morgan Stanley lowered their price objective on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Citigroup cut their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $512.66.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 in the last three months. 0.03% of the stock is currently owned by company insiders.

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.