Callahan Advisors LLC Has $51.85 Million Position in Microsoft Co. (NASDAQ:MSFT)

Callahan Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,014 shares of the software giant’s stock after buying an additional 6,953 shares during the period. Microsoft comprises approximately 4.9% of Callahan Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Callahan Advisors LLC’s holdings in Microsoft were worth $51,850,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BCK Partners Inc. raised its holdings in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares during the period. Muirfield Wealth Advisors LLC increased its stake in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC boosted its stake in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC grew its holdings in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares during the last quarter. Finally, Cypress Point Wealth Management LLC lifted its holdings in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 2.4 %

Shares of NASDAQ:MSFT opened at $359.12 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.67 trillion, a P/E ratio of 28.91, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company’s 50-day moving average price is $387.26 and its two-hundred day moving average price is $412.30.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company earned $2.93 EPS. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSFT. Wells Fargo & Company dropped their target price on shares of Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. Morgan Stanley decreased their price objective on Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Stifel Nicolaus cut their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $497.63.

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.