Chickasaw Capital Management LLC Purchases 10,996 Shares of Microsoft Co. (NASDAQ:MSFT)

Chickasaw Capital Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 68.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,157 shares of the software giant’s stock after acquiring an additional 10,996 shares during the period. Microsoft comprises about 0.5% of Chickasaw Capital Management LLC’s portfolio, making the stock its 19th biggest position. Chickasaw Capital Management LLC’s holdings in Microsoft were worth $10,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. High Pines Wealth Management LLC boosted its position in Microsoft by 1.3% during the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares during the last quarter. Sonen Capital LLC boosted its position in Microsoft by 0.3% during the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after acquiring an additional 28 shares during the last quarter. Perritt Capital Management Inc. boosted its position in Microsoft by 3.3% during the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after acquiring an additional 30 shares during the last quarter. Noble Family Wealth LLC boosted its position in Microsoft by 1.3% during the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after acquiring an additional 31 shares during the last quarter. Finally, O Connor Financial Group LLC boosted its position in Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MSFT. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. BMO Capital Markets lifted their price target on shares of Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. DA Davidson reiterated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. China Renaissance began coverage on shares of Microsoft in a report on Tuesday, December 5th. They issued a “buy” rating and a $466.00 price target on the stock. Finally, KeyCorp began coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $423.34.

Get Our Latest Research Report on MSFT

Microsoft Trading Down 0.2 %

NASDAQ MSFT opened at $420.72 on Monday. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a 50-day simple moving average of $411.26 and a 200-day simple moving average of $375.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a market capitalization of $3.13 trillion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 EPS. On average, equities analysts forecast that Microsoft Co. will post 11.63 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

About Microsoft

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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