Capital Planning LLC Has $22.89 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Capital Planning LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 8.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,416 shares of the software giant’s stock after selling 4,996 shares during the quarter. Microsoft accounts for about 7.5% of Capital Planning LLC’s investment portfolio, making the stock its 3rd biggest position. Capital Planning LLC’s holdings in Microsoft were worth $22,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Security Advisor Inc. boosted its position in Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares during the period. Gunderson Capital Management Inc. boosted its holdings in shares of Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares during the period. Rappaport Reiches Capital Management LLC grew its stake in Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP increased its holdings in Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the period. Finally, RNC Capital Management LLC lifted its holdings in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after buying an additional 6,484 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on MSFT. UBS Group restated a “buy” rating and set a $480.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. Sanford C. Bernstein upped their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Citigroup upped their target price on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, Raymond James reiterated an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Stock Performance

Shares of MSFT stock opened at $446.95 on Friday. The stock has a market cap of $3.32 trillion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $456.17. The business has a 50-day simple moving average of $424.11 and a 200-day simple moving average of $409.90. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 EPS. On average, equities analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. Microsoft’s payout ratio is 25.97%.

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.