Canal Capital Management LLC Has $10.22 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Canal Capital Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 15.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,881 shares of the software giant’s stock after purchasing an additional 5,773 shares during the quarter. Microsoft accounts for 3.0% of Canal Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Canal Capital Management LLC’s holdings in Microsoft were worth $10,220,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DGS Capital Management LLC grew its stake in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the period. Altus Wealth Group LLC grew its stake in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC grew its stake in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after acquiring an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after acquiring an additional 512 shares during the period. Institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

MSFT opened at $240.22 on Friday. The stock’s 50 day simple moving average is $241.70 and its 200 day simple moving average is $250.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The firm has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. As a group, analysts predict that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 16th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is currently 29.31%.

Insider Transactions at Microsoft

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

Analyst Ratings Changes

Several brokerages have commented on MSFT. Wells Fargo & Company cut their target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Evercore ISI cut their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday. UBS Group set a $250.00 target price on Microsoft in a research note on Thursday. Morgan Stanley cut their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Finally, Fundamental Research lowered their price target on Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $287.88.

About Microsoft

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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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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