CMG Global Holdings LLC Has $3.08 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

CMG Global Holdings LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,161 shares of the software giant’s stock after acquiring an additional 225 shares during the period. Microsoft makes up approximately 1.7% of CMG Global Holdings LLC’s investment portfolio, making the stock its 15th largest position. CMG Global Holdings LLC’s holdings in Microsoft were worth $3,081,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC raised its stake in Microsoft by 48,526.1% in the third 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 purchasing an additional 38,422,466 shares in the last quarter. Wulff Hansen & CO. increased 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 valued at $2,160,850,000 after buying an additional 4,824,436 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Microsoft by 67.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock valued at $2,566,250,000 after buying an additional 2,404,348 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after acquiring an additional 2,222,483 shares during the period. Finally, AustralianSuper Pty Ltd boosted its position in shares of Microsoft by 56.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock worth $2,299,767,000 after acquiring an additional 1,938,304 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 6.2 %

NASDAQ:MSFT opened at $414.99 on Friday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm’s fifty day moving average is $432.55 and its 200-day moving average is $424.95. The firm has a market cap of $3.09 trillion, a P/E ratio of 34.24, a P/E/G ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same quarter in the previous year, the company earned $2.93 EPS. Equities analysts expect that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus raised their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $509.72.

Microsoft Company 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.