Galvin Gaustad & Stein LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,749 shares of the software giant's stock after selling 1,447 shares during the period. Microsoft comprises about 2.7% of Galvin Gaustad & Stein LLC's investment portfolio, making the stock its 6th biggest position. Galvin Gaustad & Stein LLC's holdings in Microsoft were worth $29,821,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its position in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC boosted its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares in the last quarter. Quarry LP acquired a new position in Microsoft in the second quarter valued at about $45,000. Avondale Wealth Management boosted its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter valued at about $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MSFT has been the topic of a number of recent analyst reports. Loop Capital boosted their price target 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. UBS Group reduced their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $509.54.
Read Our Latest Analysis on Microsoft
Microsoft Stock Performance
Shares of MSFT stock opened at $380.45 on Wednesday. The stock has a market cap of $2.83 trillion, a P/E ratio of 30.63, 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 current ratio of 1.35 and a quick ratio of 1.34. The company has a fifty day moving average price of $414.68 and a two-hundred day moving average price of $421.30. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 period in the previous year, the company earned $2.93 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. Microsoft's dividend payout ratio is currently 26.73%.
Microsoft Company Profile
(
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.
Further Reading
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