Chapman Financial Group LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,730 shares of the software giant's stock, valued at approximately $5,366,000. Microsoft accounts for 4.3% of Chapman Financial Group LLC's holdings, making the stock its 3rd largest position.
Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Microsoft during the fourth quarter worth $44,343,058,000. Proficio Capital Partners LLC lifted its holdings in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Northern Trust Corp grew its position in Microsoft by 16.1% in 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 purchasing an additional 11,600,470 shares during the period. Vanguard Group Inc. increased its stake in Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Finally, APG Asset Management N.V. raised its holdings in Microsoft by 471.4% during the fourth quarter. APG Asset Management N.V. now owns 5,812,933 shares of the software giant's stock worth $2,366,153,000 after buying an additional 4,795,536 shares during the last quarter. Institutional investors own 71.13% of the company's stock.
Insider Buying and Selling at Microsoft
In other news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last 90 days. 0.03% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
MSFT has been the subject of a number of analyst reports. TD Securities lifted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group lifted their price target on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Scotiabank lifted their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Finally, Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $515.68.
Get Our Latest Report on MSFT
Microsoft Stock Performance
Shares of MSFT stock traded up $4.18 on Monday, hitting $479.14. 15,536,581 shares of the stock were exchanged, compared to its average volume of 21,515,256. The firm's 50 day moving average is $428.05 and its two-hundred day moving average is $418.55. Microsoft Co. has a one year low of $344.79 and a one year high of $480.64. The firm has a market capitalization of $3.56 trillion, a PE ratio of 38.58, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.
Microsoft (NASDAQ:MSFT - Get Free Report) last released 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. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
About Microsoft
(
Free Report)
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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