Means Investment CO. Inc. Has $44.53 Million Position in Microsoft Co. (NASDAQ:MSFT)

Means Investment CO. Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,645 shares of the software giant's stock after buying an additional 911 shares during the quarter. Microsoft makes up approximately 4.6% of Means Investment CO. Inc.'s portfolio, making the stock its 6th biggest position. Means Investment CO. Inc.'s holdings in Microsoft were worth $44,529,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MSFT. BCK Partners Inc. increased its position in 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 in the last quarter. Sequent Asset Management LLC grew its holdings 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 worth $853,000 after buying an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC grew its holdings 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 worth $1,380,000 after buying an additional 25 shares in the last quarter. Riverstone Advisors LLC lifted its stake in shares of Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock valued at $1,941,000 after buying an additional 25 shares during the period. Finally, Boulder Wealth Advisors LLC lifted its stake in shares of Microsoft by 1.0% during the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock valued at $1,106,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Jefferies Financial Group decreased their target price on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a research report on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Finally, DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $508.86.

Microsoft Stock Down 2.0 %

NASDAQ MSFT traded down $7.63 on Monday, hitting $371.17. 12,866,771 shares of the stock traded hands, compared to its average volume of 20,496,477. The company has a market capitalization of $2.76 trillion, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The stock has a 50-day moving average of $405.52 and a 200 day moving average of $419.10. 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 $367.31 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter in the prior year, the firm posted $2.93 earnings per share. As a group, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. Microsoft's dividend payout ratio is currently 26.73%.

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.