Microsoft Co. (NASDAQ:MSFT) Shares Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,262 shares of the software giant's stock after purchasing an additional 1,253 shares during the quarter. Microsoft makes up 3.0% of Concord Asset Management LLC VA's holdings, making the stock its 7th largest position. Concord Asset Management LLC VA's holdings in Microsoft were worth $13,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Geode Capital Management LLC boosted its position 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 acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Microsoft by 4.1% during 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after purchasing an additional 652,493 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus lowered their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Finally, UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $510.59.

Microsoft Stock Down 2.5 %

MSFT traded down $9.83 during trading hours on Friday, reaching $380.75. 5,999,331 shares of the stock traded hands, compared to its average volume of 20,468,536. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.21 and a beta of 0.92. The firm's fifty day simple moving average is $406.52 and its two-hundred day simple moving average is $419.25.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 prior year, the company earned $2.93 earnings per share. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. Microsoft's payout ratio is currently 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.