Chesley Taft & Associates LLC Has $70.93 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Chesley Taft & Associates LLC trimmed its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,189 shares of the software giant’s stock after selling 1,094 shares during the quarter. Microsoft makes up approximately 4.8% of Chesley Taft & Associates LLC’s holdings, making the stock its largest position. Chesley Taft & Associates LLC’s holdings in Microsoft were worth $70,934,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. increased its holdings in shares of Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares during the last quarter. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter worth $28,000. Shore Point Advisors LLC bought a new position in Microsoft during the 4th quarter worth $40,000. Tobam grew its stake in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the last quarter. Finally, Artemis Wealth Advisors LLC bought a new position in Microsoft during the 1st quarter worth $68,000. 69.29% of the stock is currently owned by institutional investors.

Microsoft Stock Down 0.1 %

NASDAQ:MSFT opened at $244.52 on Tuesday. The firm has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.06 and a beta of 0.94. Microsoft Co. has a 1-year low of $240.85 and a 1-year high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $268.81 and its 200 day moving average price is $273.69.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the business earned $2.17 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on MSFT. Guggenheim began coverage on Microsoft in a research note on Friday, August 12th. They set a “neutral” rating and a $292.00 price objective for the company. Piper Sandler lowered their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. UBS Group set a $330.00 price objective on Microsoft in a research note on Thursday, September 15th. Deutsche Bank Aktiengesellschaft reduced their price target on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, Itau BBA Securities started coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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