Columbus Macro LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 328.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,410 shares of the software giant's stock after purchasing an additional 11,048 shares during the period. Columbus Macro LLC's holdings in Microsoft were worth $6,074,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. AMF Tjanstepension AB raised its position in shares of Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after acquiring an additional 49,735 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Microsoft by 41.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 173,303 shares of the software giant's stock valued at $74,572,000 after purchasing an additional 50,630 shares in the last quarter. Finally, MorganRosel Wealth Management LLC grew its stake in Microsoft by 3.2% during the third quarter. MorganRosel Wealth Management LLC now owns 5,631 shares of the software giant's stock worth $2,423,000 after purchasing an additional 175 shares during the period. 71.13% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Westpark Capital started coverage on Microsoft in a research note on Tuesday. They issued a "hold" rating on the stock. Loop Capital boosted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Jefferies Financial Group reduced their price target on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a report on Monday. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Four investment 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 a consensus target price of $508.86.
View Our Latest Report on Microsoft
Microsoft Stock Up 1.8 %
NASDAQ:MSFT traded up $6.80 on Tuesday, hitting $382.19. The stock had a trading volume of 19,430,156 shares, compared to its average volume of 20,577,346. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The firm's fifty day simple moving average is $404.45 and its two-hundred day simple moving average is $418.77. 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 stock has a market cap of $2.84 trillion, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the company earned $2.93 EPS. Analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently declared 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 of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft's payout ratio is currently 26.73%.
About Microsoft
(
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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