Abner Herrman & Brock LLC Has $32.53 Million Position in Microsoft Co. (NASDAQ:MSFT)

Abner Herrman & Brock LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,174 shares of the software giant's stock after purchasing an additional 707 shares during the period. Microsoft makes up 4.0% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 3rd biggest holding. Abner Herrman & Brock LLC's holdings in Microsoft were worth $32,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. AMF Tjanstepension AB raised its holdings in shares of Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after acquiring an additional 49,735 shares during the last quarter. Hilltop Wealth Advisors LLC lifted its position in Microsoft by 180.8% in the 3rd quarter. Hilltop Wealth Advisors LLC now owns 5,414 shares of the software giant's stock valued at $2,330,000 after acquiring an additional 3,486 shares in the last quarter. Finally, Walker Financial Services Inc. boosted its stake in Microsoft by 0.9% during the 3rd quarter. Walker Financial Services Inc. now owns 8,347 shares of the software giant's stock valued at $3,592,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

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Microsoft Price Performance

MSFT stock traded down $7.63 during mid-day trading on Monday, reaching $371.17. 12,866,771 shares of the company traded hands, compared to its average volume of 20,496,477. Microsoft Co. has a 52-week low of $367.31 and a 52-week high of $468.35. The company has a market capitalization of $2.76 trillion, a P/E ratio of 29.86, 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. The company has a fifty day moving average price of $405.52 and a 200-day moving average price of $419.10.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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 quarter last year, the firm posted $2.93 EPS. As a group, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on MSFT shares. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. UBS Group reduced their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Mizuho dropped their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.

Microsoft 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.