Bey Douglas LLC Sells 1,054 Shares of Microsoft Co. (NASDAQ:MSFT)

Bey Douglas LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,862 shares of the software giant's stock after selling 1,054 shares during the period. Microsoft makes up approximately 8.3% of Bey Douglas LLC's portfolio, making the stock its 3rd largest position. Bey Douglas LLC's holdings in Microsoft were worth $9,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MSFT. Geode Capital Management LLC raised its holdings in Microsoft by 2.0% during 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 purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Microsoft by 1.4% in 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 in the last quarter. International Assets Investment Management LLC grew its stake in Microsoft by 48,526.1% in the 3rd 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. Finally, Franklin Resources Inc. increased its holdings in Microsoft by 1.1% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Microsoft Stock Down 3.7 %

Shares of NASDAQ:MSFT traded down $14.12 during mid-day trading on Wednesday, hitting $371.61. 21,938,586 shares of the company traded hands, compared to its average volume of 21,233,013. The firm's 50 day simple moving average is $390.78 and its 200 day simple moving average is $413.81. The firm has a market cap of $2.76 trillion, a P/E ratio of 29.92, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 previous year, the company earned $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Wedbush cut their price target on Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Tigress Financial lifted their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Bank of America cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus target price of $499.97.

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.