Cheviot Value Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,260 shares of the software giant’s stock after selling 2,370 shares during the quarter. Microsoft makes up approximately 4.1% of Cheviot Value Management LLC’s portfolio, making the stock its 6th biggest position. Cheviot Value Management LLC’s holdings in Microsoft were worth $16,504,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the first quarter worth approximately $28,000. Tobam raised its stake in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Newfound Research LLC raised its stake in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the last quarter. Finally, Darrow Company Inc. purchased a new stake in shares of Microsoft during the second quarter worth approximately $82,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on MSFT. Guggenheim initiated coverage on Microsoft in a research note on Friday, August 12th. They set a “neutral” rating and a $292.00 price target for the company. Royal Bank of Canada dropped their price objective on Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Macquarie initiated coverage on Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective on the stock. StockNews.com initiated coverage on Microsoft in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Piper Sandler dropped their price objective on Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.
Microsoft Stock Up 0.3 %
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current fiscal year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.12%. Microsoft’s dividend payout ratio is 29.31%.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.
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.
- Get a free copy of the StockNews.com research report on Microsoft (MSFT)
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