Mill Capital Management LLC Has $79.82 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Mill Capital Management LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 212,644 shares of the software giant's stock after selling 4,694 shares during the period. Microsoft makes up about 6.4% of Mill Capital Management LLC's holdings, making the stock its 3rd largest position. Mill Capital Management LLC's holdings in Microsoft were worth $79,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Newton One Investments LLC raised its stake in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares during the period. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at $31,000. LSV Asset Management bought a new stake in shares of Microsoft during the 4th quarter valued at $44,000. IFS Advisors LLC raised its stake in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MSFT shares. Oppenheimer boosted their price objective on Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Citigroup boosted their price objective on Microsoft from $605.00 to $613.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Jefferies Financial Group boosted their target price on Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Trading Down 0.5%

MSFT stock traded down $2.81 during trading on Wednesday, hitting $524.94. 21,298,640 shares of the company traded hands, compared to its average volume of 22,431,307. The firm has a market capitalization of $3.90 trillion, a PE ratio of 38.49, a P/E/G ratio of 2.34 and a beta of 1.06. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a 50-day moving average of $492.99 and a 200-day moving average of $436.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

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

Microsoft Dividend Announcement

The firm also recently declared 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 dividend payout ratio is presently 24.34%.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is currently owned by company insiders.

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.