Hayek Kallen Investment Management boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,086 shares of the software giant’s stock after purchasing an additional 154 shares during the quarter. Microsoft makes up 9.0% of Hayek Kallen Investment Management’s investment portfolio, making the stock its 2nd biggest holding. Hayek Kallen Investment Management’s holdings in Microsoft were worth $15,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of MSFT. Advisor Group Holdings Inc. acquired a new position in shares of Microsoft during the 1st quarter worth about $328,820,000. Nordea Investment Management AB raised its position in shares of Microsoft by 105.3% during the 2nd quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock worth $4,168,090,000 after acquiring an additional 10,705,657 shares in the last quarter. Swiss National Bank lifted its stake in Microsoft by 22.9% during the first quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock worth $4,479,739,000 after purchasing an additional 5,287,700 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Microsoft by 40.2% in the second quarter. APG Asset Management N.V. now owns 13,477,185 shares of the software giant’s stock valued at $2,442,009,000 after purchasing an additional 3,863,058 shares in the last quarter. Finally, Viking Global Investors LP increased its stake in Microsoft by 257.7% in the first quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock valued at $772,832,000 after purchasing an additional 3,530,518 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.
In related news, EVP Kathleen T. Hogan sold 30,871 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $209.90, for a total value of $6,479,822.90. Following the completion of the transaction, the executive vice president now directly owns 176 shares of the company’s stock, valued at approximately $36,942.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jean Philippe Courtois sold 15,140 shares of Microsoft stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $215.00, for a total value of $3,255,100.00. Following the transaction, the executive vice president now directly owns 560,498 shares of the company’s stock, valued at $120,507,070. The disclosure for this sale can be found here. Insiders sold a total of 164,067 shares of company stock valued at $35,247,737 in the last quarter. Insiders own 1.39% of the company’s stock.
Several research analysts have recently issued reports on MSFT shares. Sanford C. Bernstein restated a “buy” rating and issued a $233.00 target price on shares of Microsoft in a report on Thursday, July 23rd. Fundamental Research upped their price objective on shares of Microsoft from $212.58 to $220.41 and gave the company a “buy” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. lifted their target price on Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Piper Sandler boosted their target price on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Royal Bank of Canada set a $230.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $216.72.
MSFT opened at $207.82 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49. The business has a 50 day simple moving average of $211.79 and a 200-day simple moving average of $189.47. The stock has a market capitalization of $1,572.71 billion, a P/E ratio of 36.14, a P/E/G ratio of 2.35 and a beta of 0.89. Microsoft Co. has a 12 month low of $132.52 and a 12 month high of $232.86.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. Research analysts anticipate that Microsoft Co. will post 6.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.08%. Microsoft’s dividend payout ratio is 35.42%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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