Chickasaw Capital Management LLC Has $1.85 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Chickasaw Capital Management LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,215 shares of the software giant’s stock after selling 200 shares during the period. Chickasaw Capital Management LLC’s holdings in Microsoft were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Barings LLC lifted its holdings in shares of Microsoft by 20.3% during the 2nd quarter. Barings LLC now owns 529,004 shares of the software giant’s stock valued at $52,165,000 after buying an additional 89,380 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in shares of Microsoft by 7.0% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 15,223 shares of the software giant’s stock valued at $1,501,000 after buying an additional 996 shares during the last quarter. Sadoff Investment Management LLC lifted its holdings in shares of Microsoft by 31.8% during the 2nd quarter. Sadoff Investment Management LLC now owns 5,163 shares of the software giant’s stock valued at $509,000 after buying an additional 1,246 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in Microsoft by 3.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 2,016,300 shares of the software giant’s stock worth $198,827,000 after purchasing an additional 61,500 shares during the last quarter. Finally, Lbmc Investment Advisors LLC lifted its holdings in Microsoft by 13.3% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 7,416 shares of the software giant’s stock worth $731,000 after purchasing an additional 873 shares during the last quarter. 72.89% of the stock is owned by institutional investors and hedge funds.

Microsoft stock traded up $1.60 during trading on Friday, hitting $123.37. The stock had a trading volume of 27,990,998 shares, compared to its average volume of 20,665,014. Microsoft Co. has a 1 year low of $90.28 and a 1 year high of $123.52. The company has a current ratio of 3.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.82. The company has a market cap of $949.92 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.26 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 EPS for the quarter, beating the consensus estimate of $1.09 by $0.01. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The business had revenue of $32.47 billion for the quarter, compared to the consensus estimate of $32.53 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. Microsoft’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 4.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 annualized dividend and a yield of 1.49%. Microsoft’s payout ratio is 47.42%.

In other Microsoft news, insider Jean Philippe Courtois sold 28,147 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the sale, the insider now owns 497,162 shares in the company, valued at $53,763,098.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the sale, the chief executive officer now owns 1,746,854 shares in the company, valued at approximately $185,183,992.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 333,667 shares of company stock worth $35,657,016. 1.38% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on MSFT shares. Credit Suisse Group set a $125.00 target price on Microsoft and gave the stock a “buy” rating in a report on Sunday, December 23rd. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Royal Bank of Canada restated a “buy” rating and set a $124.00 price objective on shares of Microsoft in a research report on Monday, January 21st. Goldman Sachs Group reiterated a “buy” rating and issued a $123.00 price target on shares of Microsoft in a research report on Wednesday, January 23rd. Finally, Bank of America raised Microsoft to a “buy” rating and reduced their price objective for the stock from $150.00 to $140.00 in a research note on Monday, January 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $125.00.

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Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Coverage Ratio

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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