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

Chickasaw Capital Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,916 shares of the software giant’s stock after purchasing an additional 120 shares during the quarter. Microsoft makes up 0.5% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Chickasaw Capital Management LLC’s holdings in Microsoft were worth $12,012,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% in the 2nd 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 in the last quarter. Quarry LP purchased a new stake in Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new position in Microsoft in the second quarter valued at $75,000. Bellevue Group AG grew its holdings in shares of Microsoft by 47.5% during the first 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 last quarter. Finally, Bbjs Financial Advisors LLC increased its position in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 8.31 % 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 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research report on Monday, September 23rd. Piper Sandler reiterated an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Citigroup reduced their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. 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 stock presently has an average rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Trading Up 0.1 %

Shares of MSFT opened at $423.46 on Friday. Microsoft Co. has a twelve month low of $362.90 and a twelve 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 firm has a market capitalization of $3.15 trillion, a P/E ratio of 34.94, a PEG ratio of 2.24 and a beta of 0.91. The firm’s 50-day moving average is $420.84 and its two-hundred day moving average is $426.46.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.99 EPS. On average, research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 27.39%.

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.