Microsoft Co. (NASDAQ:MSFT) Stock Position Lessened by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,837 shares of the software giant's stock after selling 680 shares during the period. Microsoft makes up 2.4% of Colton Groome Financial Advisors LLC's portfolio, making the stock its 8th biggest position. Colton Groome Financial Advisors LLC's holdings in Microsoft were worth $6,254,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC grew its stake 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 purchasing an additional 35 shares during the period. Avondale Wealth Management increased its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the fourth quarter worth approximately $141,000. 71.13% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on MSFT. Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Wedbush restated an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $510.59.

Microsoft Stock Up 0.2 %

NASDAQ MSFT traded up $0.61 on Thursday, reaching $390.58. 13,741,615 shares of the stock traded hands, compared to its average volume of 22,928,355. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The company has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92. The company has a fifty day moving average price of $407.20 and a 200-day moving average price of $419.45. 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 (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 earned $2.93 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft's dividend payout ratio is presently 26.73%.

Microsoft 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.