Chaney Capital Management Inc. Has $9.84 Million Position in Microsoft Co. (NASDAQ:MSFT)

Chaney Capital Management Inc. boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,876 shares of the software giant’s stock after acquiring an additional 127 shares during the quarter. Microsoft accounts for 5.5% of Chaney Capital Management Inc.’s portfolio, making the stock its 5th largest position. Chaney Capital Management Inc.’s holdings in Microsoft were worth $9,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after purchasing an additional 1,563,533 shares during the last quarter. Rhumbline Advisers grew its position in Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after purchasing an additional 45,220 shares in the last quarter. Finally, Swedbank AB increased its stake in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 1.1 %

Shares of NASDAQ MSFT opened at $423.35 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The stock has a market capitalization of $3.15 trillion, a P/E ratio of 34.93, a P/E/G ratio of 2.37 and a beta of 0.90. The company has a 50-day moving average price of $428.62 and a 200-day moving average price of $428.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the company posted $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has approved a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. TD Cowen reduced their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. JPMorgan Chase & Co. lowered their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Morgan Stanley increased their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

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.