Lewis Asset Management LLC Sells 2,035 Shares of Microsoft Co. (NASDAQ:MSFT)

Lewis Asset Management LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,834 shares of the software giant's stock after selling 2,035 shares during the period. Microsoft makes up approximately 3.2% of Lewis Asset Management LLC's holdings, making the stock its 5th largest holding. Lewis Asset Management LLC's holdings in Microsoft were worth $4,145,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. BCK Partners Inc. grew its stake in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after purchasing an additional 24 shares during the period. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 35.7% during 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 during the last quarter. Sequent Asset Management LLC increased its stake in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after acquiring an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC raised its holdings in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock worth $1,380,000 after acquiring an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC grew its holdings in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock valued at $1,941,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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Microsoft Stock Performance

MSFT traded up $0.61 during trading on Thursday, reaching $390.58. 13,741,615 shares of the company's stock were exchanged, compared to its average volume of 22,928,355. The stock has a market capitalization of $2.90 trillion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company's fifty day simple moving average is $407.20 and its 200-day simple moving average is $419.45. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $2.93 earnings per share. As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSFT. Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Wedbush restated an "outperform" rating and set a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Three 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.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $510.59.

Microsoft Company Profile

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.