Cannon Advisors Inc. Has $3.64 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Cannon Advisors Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,635 shares of the software giant's stock after selling 765 shares during the quarter. Microsoft accounts for about 3.1% of Cannon Advisors Inc.'s portfolio, making the stock its 11th largest holding. Cannon Advisors Inc.'s holdings in Microsoft were worth $3,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC lifted its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Fairway Wealth LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft during the 4th quarter valued at approximately $120,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now owns 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.6%

NASDAQ MSFT opened at $470.38 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $3.50 trillion, a P/E ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a one year low of $344.79 and a one year high of $473.34. The stock has a 50 day moving average price of $417.20 and a 200-day moving average price of $416.67.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.94 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th 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 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSFT. Bank of America dropped their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald increased their target price on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI set a $515.00 price target on Microsoft and gave the company an "outperform" rating in a research note on Wednesday, May 21st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $513.59.

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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