Canal Capital Management LLC Has $16.63 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Canal Capital Management LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 44,236 shares of the software giant’s stock after purchasing an additional 2,410 shares during the period. Microsoft makes up about 3.1% of Canal Capital Management LLC’s holdings, making the stock its 4th biggest holding. Canal Capital Management LLC’s holdings in Microsoft were worth $16,634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lodestone Wealth Management LLC lifted its holdings in shares of Microsoft by 0.5% during the third quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after purchasing an additional 68 shares in the last quarter. Caliber Wealth Management LLC raised its position in Microsoft by 3.7% in the 3rd quarter. Caliber Wealth Management LLC now owns 8,888 shares of the software giant’s stock worth $2,806,000 after buying an additional 316 shares during the last quarter. Smith & Howard Wealth Management LLC lifted its stake in Microsoft by 2.8% during the 3rd quarter. Smith & Howard Wealth Management LLC now owns 3,888 shares of the software giant’s stock valued at $1,228,000 after acquiring an additional 107 shares during the period. Stordahl Capital Management Inc. grew its stake in shares of Microsoft by 2.3% in the third quarter. Stordahl Capital Management Inc. now owns 3,742 shares of the software giant’s stock worth $1,182,000 after acquiring an additional 85 shares during the period. Finally, Insight Wealth Strategies LLC raised its holdings in shares of Microsoft by 3.8% during the third quarter. Insight Wealth Strategies LLC now owns 14,369 shares of the software giant’s stock valued at $4,537,000 after purchasing an additional 524 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 1.8 %

Shares of Microsoft stock opened at $406.32 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.02 trillion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.20 and a beta of 0.89. Microsoft Co. has a twelve month low of $295.25 and a twelve month high of $430.82. The business has a 50-day moving average price of $414.48 and a 200-day moving average price of $388.51.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. Equities research analysts anticipate that Microsoft Co. will post 11.71 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s payout ratio is currently 25.97%.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 in the last three months. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. UBS Group restated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, March 25th. Citigroup dropped their target price on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Royal Bank of Canada raised their price objective on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Microsoft Profile

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.