Microsoft Co. (NASDAQ:MSFT) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 175,128 shares of the software giant's stock after selling 21,056 shares during the quarter. Microsoft accounts for approximately 4.7% of Cullinan Associates Inc.'s holdings, making the stock its 4th biggest position. Cullinan Associates Inc.'s holdings in Microsoft were worth $73,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BCK Partners Inc. boosted its stake in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC lifted its stake in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares during the last quarter. Sequent Asset Management LLC boosted its position in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after buying an additional 25 shares during the period. Cypress Point Wealth Management LLC grew its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after buying an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC raised its holdings in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Microsoft Stock Performance

NASDAQ MSFT traded down $1.34 on Wednesday, reaching $380.85. 8,494,296 shares of the company's stock traded hands, compared to its average volume of 20,548,939. The stock has a 50 day moving average price of $403.52 and a 200-day moving average price of $418.45. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.21 and a beta of 0.92. 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 fifty-two week low of $367.24 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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 business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. 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 26.73%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSFT. Jefferies Financial Group cut their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday. Tigress Financial upped 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. UBS Group decreased their price objective on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $508.86.

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.