Channing Global Advisors LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 43.4% 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 17,094 shares of the software giant's stock after purchasing an additional 5,170 shares during the period. Microsoft makes up approximately 4.8% of Channing Global Advisors LLC's investment portfolio, making the stock its 8th biggest position. Channing Global Advisors LLC's holdings in Microsoft were worth $7,205,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. WFA Asset Management Corp boosted its stake in shares of Microsoft by 27.0% in the 1st 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. boosted its holdings in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. AMF Tjanstepension AB grew its position in shares of Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC boosted its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares during the period. Finally, Swedbank AB grew its stake in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. Institutional investors own 71.13% of the company's stock.
Microsoft Trading Down 0.2 %
Shares of NASDAQ:MSFT traded down $0.64 during trading hours on Monday, hitting $387.81. 19,232,192 shares of the company's stock traded hands, compared to its average volume of 21,242,474. 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 business has a fifty day moving average price of $391.89 and a 200-day moving average price of $414.41. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm has a market capitalization of $2.88 trillion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 posted $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Dividend Announcement
The company also recently disclosed 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 of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.86%. Microsoft's payout ratio is currently 26.73%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MSFT. Morgan Stanley reduced their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus cut their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Wedbush decreased their price objective on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a report on Thursday. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company lowered their price objective on Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Monday. Four 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $503.86.
Get Our Latest 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.
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