Litman Gregory Wealth Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,058 shares of the software giant's stock after selling 1,830 shares during the quarter. Microsoft comprises approximately 1.5% of Litman Gregory Wealth Management LLC's holdings, making the stock its 17th largest position. Litman Gregory Wealth Management LLC's holdings in Microsoft were worth $17,306,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the fourth quarter worth approximately $38,000. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC raised its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its holdings in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Price Performance
Shares of NASDAQ:MSFT traded down $11.78 during midday trading on Friday, reaching $378.80. The company's stock had a trading volume of 21,606,792 shares, compared to its average volume of 20,523,498. The business's fifty day simple moving average is $405.52 and its 200-day simple moving average is $419.06. The company has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, 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. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm earned $2.93 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.
Analyst Ratings Changes
A number of research analysts have recently commented on MSFT shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Wedbush restated an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.59.
Read Our Latest Research Report 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.
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