Callan Family Office LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

Callan Family Office LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 627.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,343 shares of the software giant's stock after acquiring an additional 147,786 shares during the quarter. Microsoft accounts for 4.6% of Callan Family Office LLC's portfolio, making the stock its 3rd largest holding. Callan Family Office LLC's holdings in Microsoft were worth $72,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC raised its stake in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. grew its holdings in shares of Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares in the last quarter. Centric Wealth Management raised its position in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after buying an additional 112 shares during the period. 1900 Wealth Management LLC raised its position in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock worth $3,980,299,000 after acquiring an additional 217,509 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

MSFT traded up $3.80 during midday trading on Wednesday, reaching $452.94. 19,864,490 shares of the company's stock were exchanged, compared to its average volume of 21,486,259. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The firm has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The business has a 50-day simple moving average of $391.20 and a two-hundred day simple moving average of $411.86. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.73%. Microsoft's dividend payout ratio is 25.66%.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wedbush boosted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Cantor Fitzgerald lifted their target price on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, StockNews.com raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $507.77.

Microsoft Company 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.