Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lessened by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 32,025 shares of the software giant's stock after selling 2,630 shares during the quarter. Microsoft comprises about 4.6% of Glassy Mountain Advisors Inc.'s portfolio, making the stock its 4th biggest holding. Glassy Mountain Advisors Inc.'s holdings in Microsoft were worth $13,498,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MSFT. International Assets Investment Management LLC lifted 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 acquiring an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. lifted its stake in Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after purchasing an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Microsoft by 4.1% during the 3rd 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 buying an additional 2,125,030 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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Microsoft Stock Down 0.6 %

MSFT stock traded down $1.98 during trading on Monday, reaching $357.86. 50,017,125 shares of the stock were exchanged, compared to its average volume of 20,896,489. The firm's 50 day moving average is $397.55 and its 200 day moving average is $416.67. The firm has a market cap of $2.66 trillion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $344.93 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business earned $2.93 EPS. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current 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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group restated a "buy" rating and issued a $475.00 target price (down previously from $500.00) on shares of Microsoft in a research report on Monday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $508.00.

About Microsoft

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.