Callan Family Office LLC Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Callan Family Office LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 37.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,557 shares of the software giant’s stock after buying an additional 6,438 shares during the quarter. Microsoft accounts for about 1.7% of Callan Family Office LLC’s portfolio, making the stock its 15th largest position. Callan Family Office LLC’s holdings in Microsoft were worth $10,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chapin Davis Inc. lifted its position in Microsoft by 0.4% during the 3rd quarter. Chapin Davis Inc. now owns 41,086 shares of the software giant’s stock worth $17,680,000 after acquiring an additional 150 shares during the period. Bangor Savings Bank lifted its position in Microsoft by 0.7% during the 3rd quarter. Bangor Savings Bank now owns 19,407 shares of the software giant’s stock worth $8,351,000 after acquiring an additional 138 shares during the period. Affinity Capital Advisors LLC lifted its position in Microsoft by 7.8% during the 3rd quarter. Affinity Capital Advisors LLC now owns 10,454 shares of the software giant’s stock worth $4,498,000 after acquiring an additional 754 shares during the period. Ignite Planners LLC lifted its position in Microsoft by 1.3% during the 3rd quarter. Ignite Planners LLC now owns 24,002 shares of the software giant’s stock worth $10,328,000 after acquiring an additional 305 shares during the period. Finally, Versant Capital Management Inc lifted its position in Microsoft by 3.4% during the 3rd quarter. Versant Capital Management Inc now owns 32,471 shares of the software giant’s stock worth $13,972,000 after acquiring an additional 1,068 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSFT. Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Morgan Stanley boosted their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,431 shares of company stock worth $74,956,968 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $417.00 on Friday. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The stock has a 50 day moving average of $421.94 and a two-hundred day moving average of $426.07. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.10 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (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 analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.99 earnings per share. On average, analysts expect that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is 24.75%.

Microsoft declared that its Board of Directors has authorized a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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.