Chapin Davis Inc. Boosts Position in Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Chapin Davis Inc. increased its stake in Microsoft by 4.5%, now holding 42,949 shares valued at approximately $16.12 million, making Microsoft its second largest holding.
• Microsoft reported a second-quarter earnings per share (EPS) of $3.65, exceeding analysts' expectations of $3.35, with revenues reaching $76.44 billion, an increase of 18.1% year-over-year.
• The company declared a quarterly dividend of $0.83 per share, with a payout date set for September 11, reflecting an annual yield of 0.6%.

Chapin Davis Inc. lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,949 shares of the software giant's stock after buying an additional 1,863 shares during the quarter. Microsoft comprises 5.5% of Chapin Davis Inc.'s portfolio, making the stock its 2nd biggest holding. Chapin Davis Inc.'s holdings in Microsoft were worth $16,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after purchasing an additional 3,103,212 shares in the last quarter. Norges Bank purchased a new stake in shares of Microsoft during the fourth quarter worth about $44,343,058,000. Northern Trust Corp grew its holdings in Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after buying an additional 5,370,546 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock opened at $524.11 on Friday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.35. The firm has a market capitalization of $3.90 trillion, a P/E ratio of 38.42, a P/E/G ratio of 2.39 and a beta of 1.06. The stock has a 50 day moving average price of $489.94 and a 200 day moving average price of $434.88.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period last year, the company earned $2.95 EPS. Microsoft's quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft's payout ratio is 24.34%.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Oppenheimer raised their price target on Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a report on Thursday. TD Cowen raised their price target on Microsoft from $580.00 to $640.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus raised their price target on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, UBS Group restated a "buy" rating and set a $650.00 price target (up previously from $600.00) on shares of Microsoft in a report on Thursday. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on 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 directly owned 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,743 shares of company stock worth $27,520,933 over the last quarter. 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.

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