Microsoft Co. (NASDAQ:MSFT) Stake Reduced by Baskin Financial Services Inc.

Baskin Financial Services Inc. cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,802 shares of the software giant's stock after selling 716 shares during the quarter. Microsoft makes up approximately 5.0% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 4th largest holding. Baskin Financial Services Inc.'s holdings in Microsoft were worth $62,299,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MSFT. International Assets Investment Management LLC boosted its position in shares of Microsoft by 48,526.1% in 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 period. Assenagon Asset Management S.A. boosted its holdings in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares during the period. Geode Capital Management LLC grew its position 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 purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. increased its holdings 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 purchasing an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Microsoft by 4.1% in 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 valued at $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

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Microsoft Trading Down 2.0 %

Shares of NASDAQ MSFT traded down $7.63 during trading hours on Monday, hitting $371.17. The company's stock had a trading volume of 12,866,771 shares, compared to its average volume of 20,496,477. Microsoft Co. has a 12 month low of $367.31 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business has a 50-day simple moving average of $405.52 and a 200-day simple moving average of $419.10. The stock has a market cap of $2.76 trillion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 quarter in the prior year, the company posted $2.93 EPS. On average, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent research reports. Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Jefferies Financial Group decreased their price target on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Monday. Finally, Stifel Nicolaus cut their target price 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. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $508.86.

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.