Microsoft Co. (NASDAQ:MSFT) Shares Bought by Chapin Davis Inc.

Chapin Davis Inc. raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,936 shares of the software giant’s stock after acquiring an additional 802 shares during the period. Microsoft accounts for about 6.3% of Chapin Davis Inc.’s holdings, making the stock its 3rd biggest position. Chapin Davis Inc.’s holdings in Microsoft were worth $18,297,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSFT. Neo Ivy Capital Management acquired a new position in Microsoft in the 4th quarter valued at $58,000. Richardson Capital Management LLC increased its holdings in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the last quarter. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the last quarter. Horizon Financial Services LLC acquired a new stake in shares of Microsoft during the 1st quarter worth $80,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter worth $86,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Citigroup dropped their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. UBS Group lowered their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, June 17th. Finally, BMO Capital Markets increased their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $430.81 on Thursday. The firm’s 50 day moving average is $421.60 and its two-hundred day moving average is $423.78. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The firm has a market capitalization of $3.20 trillion, a P/E ratio of 37.30, a PEG ratio of 2.14 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the business earned $2.69 earnings per share. Microsoft’s revenue was up 15.2% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

About Microsoft

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.