28,306 Shares in Microsoft Corporation (NASDAQ:MSFT) Acquired by Chancellor Financial Group WB LP

Chancellor Financial Group WB LP purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,306 shares of the software giant's stock, valued at approximately $11,931,000. Microsoft comprises about 9.6% of Chancellor Financial Group WB LP's portfolio, making the stock its 2nd largest position.

A number of other hedge funds also recently modified their holdings of MSFT. Muirfield Wealth Advisors LLC grew its position in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC grew its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after acquiring an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC grew its holdings in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after acquiring an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel increased its position in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after acquiring an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group lifted its holdings in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling

In other news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. Bank of America reduced their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, DA Davidson boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

Microsoft Trading Down 0.6%

Shares of MSFT opened at $477.40 on Monday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $483.46. The stock has a market cap of $3.55 trillion, a PE ratio of 36.89, a P/E/G ratio of 2.42 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $437.84 and its 200-day moving average price is $420.28.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the company earned $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. Microsoft's payout ratio is currently 25.66%.

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.

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