Academy Capital Management Inc. TX lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,703 shares of the software giant’s stock after purchasing an additional 28,781 shares during the period. Microsoft makes up 7.9% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 3rd largest holding. Academy Capital Management Inc. TX’s holdings in Microsoft were worth $37,101,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC lifted its holdings in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Microsoft by 98.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,218,570 shares of the software giant’s stock worth $3,649,717,000 after purchasing an additional 7,534,774 shares during the last quarter. Vanguard Group Inc. boosted its stake in Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. Swiss National Bank raised its holdings in shares of Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after buying an additional 3,757,500 shares in the last quarter. Finally, Cottage Street Advisors LLC raised its position in shares of Microsoft by 17,734.7% during the fourth quarter. Cottage Street Advisors LLC now owns 3,763,300 shares of the software giant’s stock worth $1,351,000 after acquiring an additional 3,742,199 shares during the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Microsoft
In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at approximately $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $308.70, for a total value of $1,543,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 105,206 shares in the company, valued at approximately $32,477,092.20. The disclosure for this sale can be found here. Insiders have sold a total of 51,331 shares of company stock valued at $15,867,278 over the last 90 days. 0.03% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equity analysts recently commented on the company. Bank of America boosted their target price on Microsoft from $320.00 to $340.00 in a research report on Wednesday, April 26th. DA Davidson lifted their price target on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Credit Suisse Group boosted their price objective on shares of Microsoft from $350.00 to $420.00 in a research note on Wednesday, May 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Microsoft from $340.00 to $380.00 in a research note on Tuesday, May 30th. Finally, UBS Group increased their price objective on shares of Microsoft from $275.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.74.
Microsoft Price Performance
MSFT opened at $326.79 on Monday. The firm has a 50-day moving average of $306.82 and a 200-day moving average of $271.29. The firm has a market cap of $2.43 trillion, a P/E ratio of 35.41, a PEG ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $338.56.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter in the prior year, the firm earned $2.22 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 9.65 EPS for the current year.
Microsoft Dividend Announcements
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th were given a dividend of $0.68 per share. The ex-dividend date was Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.83%. Microsoft’s dividend payout ratio is presently 29.47%.
Microsoft Profiles
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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business , Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, consisting of a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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