Ledyard National Bank decreased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,493 shares of the software giant's stock after selling 2,205 shares during the period. Microsoft comprises approximately 5.0% of Ledyard National Bank's investment portfolio, making the stock its 4th biggest holding. Ledyard National Bank's holdings in Microsoft were worth $52,895,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Net Worth Advisory Group bought a new position in Microsoft in the 3rd quarter valued at about $2,645,000. Adamsbrown Wealth Consultants LLC grew its position in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC increased its stake in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its holdings in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new stake in Microsoft in the 3rd quarter valued at $3,314,000. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $359.84 on Friday. 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 52 week low of $359.48 and a 52 week high of $468.35. The firm has a market cap of $2.68 trillion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm's fifty day moving average is $399.08 and its 200-day moving average is $417.40.
Microsoft (NASDAQ:MSFT - Get Free Report) last released 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 return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm posted $2.93 EPS. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share 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 issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.92%. Microsoft's payout ratio is 26.73%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on MSFT shares. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Piper Sandler reiterated an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Wedbush reiterated an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Finally, Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $508.86.
Check Out Our Latest Stock Analysis on MSFT
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.
Further Reading
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