CHB Investment Group LLC Has $2.73 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

CHB Investment Group LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 6,481 shares of the software giant’s stock after selling 36 shares during the period. Microsoft accounts for approximately 1.5% of CHB Investment Group LLC’s portfolio, making the stock its 26th biggest holding. CHB Investment Group LLC’s holdings in Microsoft were worth $2,732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MSFT. International Assets Investment Management LLC grew its stake in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Microsoft by 67.5% during the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after buying an additional 2,404,348 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in shares of Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 8,000 shares of company stock valued at $3,493,820 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $408.25 on Friday. The stock has a fifty day simple moving average of $425.20 and a two-hundred day simple moving average of $422.69. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm has a market cap of $3.03 trillion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business earned $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of research analysts recently commented on MSFT shares. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus increased their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets decreased their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.