Mitchell Capital Management Co. Has $35.07 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Mitchell Capital Management Co. trimmed its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,192 shares of the software giant's stock after selling 2,449 shares during the period. Microsoft comprises about 6.1% of Mitchell Capital Management Co.'s investment portfolio, making the stock its 3rd largest position. Mitchell Capital Management Co.'s holdings in Microsoft were worth $35,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC lifted its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the 4th 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. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.0 %

Shares of MSFT stock opened at $433.35 on Thursday. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $387.20 and a 200-day moving average of $411.42. The company has a market capitalization of $3.22 trillion, a price-to-earnings ratio of 34.89, a P/E/G ratio of 2.21 and a beta of 0.99.

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

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MSFT shares. Piper Sandler reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. DA Davidson boosted their target price on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wedbush raised their price target on Microsoft from $475.00 to $515.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Scotiabank raised their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $507.77.

About Microsoft

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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