Microsoft Co. (NASDAQ:MSFT) Shares Sold by Camden Capital LLC

Camden Capital LLC lessened its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 37.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,001 shares of the software giant’s stock after selling 9,168 shares during the period. Microsoft comprises approximately 1.0% of Camden Capital LLC’s investment portfolio, making the stock its 15th largest holding. Camden Capital LLC’s holdings in Microsoft were worth $3,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. grew its holdings in Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter valued at approximately $28,000. Tobam grew its stake in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Newfound Research LLC raised its position in 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 acquiring an additional 60 shares during the period. Finally, Darrow Company Inc. acquired a new position in Microsoft during the second quarter worth $82,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Stock Up 0.3 %

NASDAQ:MSFT opened at $242.05 on Tuesday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $349.67. The stock’s fifty day moving average is $237.35 and its two-hundred day moving average is $255.89. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. Research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.12%. The ex-dividend date is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. Itau BBA Securities assumed coverage on shares of Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. Raymond James decreased their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. JPMorgan Chase & Co. dropped their price target on Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Rosenblatt Securities decreased their price objective on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Finally, Piper Sandler lowered their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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