Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Callahan Advisors LLC

Callahan Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,799 shares of the software giant’s stock after acquiring an additional 673 shares during the quarter. Microsoft makes up about 4.1% of Callahan Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Callahan Advisors LLC’s holdings in Microsoft were worth $35,702,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Shore Point Advisors LLC bought a new position in shares of Microsoft in the fourth quarter valued at about $40,000. Tobam raised its position in shares of Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Artemis Wealth Advisors LLC bought a new position in shares of Microsoft in the first quarter valued at about $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in shares of Microsoft in the fourth quarter valued at about $80,000. Finally, Evolution Advisers Inc. bought a new position in shares of Microsoft in the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 69.99% of the company’s stock.

Microsoft Stock Down 1.0 %

NASDAQ:MSFT opened at $278.01 on Tuesday. The firm’s 50 day simple moving average is $261.71 and its 200 day simple moving average is $280.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a market cap of $2.08 trillion, a PE ratio of 28.84, a P/E/G ratio of 2.36 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the business posted $2.17 EPS. On average, research analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.89%. Microsoft’s payout ratio is 25.73%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Cowen dropped their price objective on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Fundamental Research lowered their price target on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a research report on Tuesday, May 3rd. Cowen reaffirmed a “maintains” rating on shares of Microsoft in a research report on Wednesday, July 27th. Stifel Nicolaus lowered their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $334.80.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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