Microsoft Co. (NASDAQ:MSFT) Shares Sold by Hayek Kallen Investment Management

Hayek Kallen Investment Management lessened its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,098 shares of the software giant’s stock after selling 438 shares during the period. Microsoft accounts for 7.4% of Hayek Kallen Investment Management’s portfolio, making the stock its 2nd largest holding. Hayek Kallen Investment Management’s holdings in Microsoft were worth $15,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MSFT. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after acquiring an additional 556,020 shares during the last quarter. Legal & General Group Plc increased its position in Microsoft by 1.5% during the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after acquiring an additional 784,656 shares during the period. Massachusetts Financial Services Co. MA grew its position in Microsoft by 2.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after purchasing an additional 939,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Microsoft by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after purchasing an additional 766,487 shares during the period. Institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSFT shares. Credit Suisse Group set a $365.00 target price on shares of Microsoft in a research note on Friday, December 9th. Evercore ISI decreased their price objective on Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Moffett Nathanson initiated coverage on Microsoft in a research note on Thursday, September 22nd. They issued a “hold” rating and a $285.00 target price for the company. Fundamental Research decreased their price target on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Finally, Piper Sandler dropped their price objective on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.33.

Microsoft Stock Performance

Shares of Microsoft stock opened at $227.12 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. Microsoft Co. has a one year low of $213.43 and a one year high of $323.41. The stock’s 50-day moving average is $240.21 and its 200-day moving average is $251.47.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 9.53 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.20%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Microsoft Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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