CMG Global Holdings LLC Has $3.08 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

CMG Global Holdings LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,161 shares of the software giant’s stock after purchasing an additional 225 shares during the quarter. Microsoft comprises about 1.7% of CMG Global Holdings LLC’s investment portfolio, making the stock its 15th largest position. CMG Global Holdings LLC’s holdings in Microsoft were worth $3,081,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its position in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. Nicholas Investment Partners LP raised its holdings in Microsoft by 3.0% during the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after purchasing an additional 1,164 shares during the last quarter. Crew Capital Management Ltd. lifted its position in Microsoft by 2.1% during the 2nd quarter. Crew Capital Management Ltd. now owns 10,860 shares of the software giant’s stock valued at $4,854,000 after purchasing an additional 225 shares during the period. Finally, Wealth Advisory Solutions LLC boosted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Wealth Advisory Solutions LLC now owns 12,379 shares of the software giant’s stock valued at $5,533,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MSFT. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup decreased their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $509.72.

Microsoft Trading Down 6.2 %

NASDAQ MSFT opened at $414.99 on Friday. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. 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 50 day moving average of $432.55 and a 200-day moving average of $424.95. The company has a market cap of $3.09 trillion, a PE ratio of 34.24, a PEG ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same period in the previous year, the company earned $2.93 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last 90 days. Company insiders own 0.03% of the company’s stock.

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.