Cable Hill Partners LLC Has $9.59 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cable Hill Partners LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,293 shares of the software giant's stock after acquiring an additional 1,980 shares during the quarter. Microsoft makes up approximately 0.9% of Cable Hill Partners LLC's holdings, making the stock its 15th largest holding. Cable Hill Partners LLC's holdings in Microsoft were worth $9,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft during the second quarter valued at $45,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter valued at about $75,000. Carolina Wealth Advisors LLC raised its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft during the 2nd quarter valued at about $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. reduced their price target on Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a research report on Thursday, October 31st. Mizuho lifted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company an "outperform" rating in a report on Friday, December 13th. TD Cowen reduced their target price on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Finally, KeyCorp lifted their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $512.93.

Microsoft Price Performance

NASDAQ MSFT traded up $4.45 during midday trading on Friday, hitting $429.03. The company had a trading volume of 26,146,013 shares, compared to its average volume of 17,227,436. The firm has a 50-day moving average price of $429.32 and a 200-day moving average price of $426.37. The company has a market capitalization of $3.19 trillion, a PE ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.99 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft's dividend payout ratio (DPR) is 27.39%.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company's stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last three months. 0.03% of the stock is owned by insiders.

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.