Autumn Glory Partners LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,789 shares of the software giant's stock after selling 2,971 shares during the quarter. Microsoft comprises about 3.5% of Autumn Glory Partners LLC's investment portfolio, making the stock its 4th largest holding. Autumn Glory Partners LLC's holdings in Microsoft were worth $7,077,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management grew its holdings in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the fourth quarter valued at about $141,000. Institutional investors own 71.13% of the company's stock.
Microsoft Trading Down 1.0 %
Microsoft stock traded down $3.83 during trading hours on Friday, reaching $367.78. 20,940,221 shares of the company's stock were exchanged, compared to its average volume of 21,277,339. The firm has a market capitalization of $2.73 trillion, a PE ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $389.13 and its 200 day simple moving average is $413.21. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates 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 earned $2.93 earnings per share. Research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.90%. Microsoft's payout ratio is presently 26.73%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Scotiabank assumed coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective on the stock. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Jefferies Financial Group restated a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Finally, Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $499.97.
Read Our Latest Analysis on Microsoft
Microsoft Profile
(
Free Report)
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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