Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Callan Family Office LLC

Callan Family Office LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 37.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,557 shares of the software giant's stock after purchasing an additional 6,438 shares during the period. Microsoft makes up approximately 1.7% of Callan Family Office LLC's portfolio, making the stock its 15th biggest holding. Callan Family Office LLC's holdings in Microsoft were worth $10,137,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant's stock worth $281,035,506,000 after acquiring an additional 3,078,099 shares during the period. Capital International Investors raised its holdings in Microsoft by 1.0% in the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant's stock worth $35,160,020,000 after purchasing an additional 842,884 shares during the period. Ameriprise Financial Inc. boosted its position in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock worth $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant's stock valued at $6,587,576,000 after buying an additional 45,220 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other news, CEO Satya Nadella sold 78,353 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company's stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,431 shares of company stock valued at $74,956,968. Corporate insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MSFT shares. Piper Sandler reiterated an "overweight" rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. DA Davidson downgraded shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 price target for the company. in a research report on Monday, September 23rd. The Goldman Sachs Group decreased their price target on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Finally, Wedbush reissued an "outperform" rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $503.03.

Microsoft Trading Up 1.0 %

NASDAQ MSFT traded up $4.13 during trading hours on Friday, reaching $417.00. The company had a trading volume of 24,814,626 shares, compared to its average volume of 23,244,906. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35. The stock has a market capitalization of $3.10 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The stock has a 50-day moving average of $421.94 and a 200 day moving average of $426.19. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the business posted $2.99 EPS. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a stock repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft's previous quarterly dividend of $0.75. Microsoft's payout ratio is currently 27.39%.

About Microsoft

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.