Avitas Wealth Management LLC Has $35.25 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Avitas Wealth Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,620 shares of the software giant's stock after selling 985 shares during the period. Microsoft comprises 4.9% of Avitas Wealth Management LLC's portfolio, making the stock its 3rd biggest holding. Avitas Wealth Management LLC's holdings in Microsoft were worth $35,246,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.0% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Microsoft by 4.1% during the 3rd 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. Charles Schwab Investment Management Inc. lifted its position in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after buying an additional 652,493 shares during the period. International Assets Investment Management LLC raised its stake in 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 worth $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and increased their target price for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Morgan Stanley dropped their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Loop Capital boosted their target price on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Wedbush restated an "outperform" rating and set a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Finally, Stifel Nicolaus cut their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.

Microsoft Trading Up 1.8 %

NASDAQ MSFT traded up $6.80 on Tuesday, reaching $382.19. The company had a trading volume of 19,648,293 shares, compared to its average volume of 20,595,340. Microsoft Co. has a 52 week low of $367.24 and a 52 week high of $468.35. The stock's 50 day moving average is $404.45 and its 200-day moving average is $418.77. 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 stock has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG 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 for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the business posted $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

Microsoft Company 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.