Market Street Wealth Management Advisors LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,164 shares of the software giant’s stock after purchasing an additional 539 shares during the quarter. Market Street Wealth Management Advisors LLC’s holdings in Microsoft were worth $1,755,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MSFT. International Assets Investment Management LLC raised its holdings in shares of Microsoft by 48,526.1% during 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 acquiring an additional 38,422,466 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC grew its position in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. Baillie Gifford & Co. boosted its position in shares of Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after buying an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Up 0.1 %
Shares of NASDAQ MSFT opened at $380.45 on Wednesday. The firm has a fifty day moving average of $414.68 and a 200-day moving average of $421.30. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The stock has a market capitalization of $2.83 trillion, a PE ratio of 30.63, a P/E/G ratio of 2.21 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the company posted $2.93 earnings per share. On average, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio is presently 26.73%.
Analyst Ratings Changes
Several analysts have recently issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group lowered their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. DA Davidson reissued a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $509.54.
Read Our Latest Stock Report on MSFT
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.
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