Deltec Asset Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,544 shares of the software giant's stock after selling 804 shares during the quarter. Microsoft accounts for 5.7% of Deltec Asset Management LLC's holdings, making the stock its 3rd largest holding. Deltec Asset Management LLC's holdings in Microsoft were worth $28,891,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new position in Microsoft during the third quarter worth about $2,645,000. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Oak Ridge Investments LLC lifted its stake in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. boosted its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management bought a new stake in shares of Microsoft during the third quarter worth $3,314,000. 71.13% of the stock is currently owned by institutional investors.
Microsoft Stock Performance
Shares of NASDAQ MSFT traded down $0.05 during midday trading on Wednesday, hitting $382.14. The company's stock had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The stock has a fifty day moving average price of $403.52 and a 200 day moving average price of $418.45. The firm has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. 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 one year low of $367.24 and a one year high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business earned $2.93 EPS. On average, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft's payout ratio is currently 26.73%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MSFT. Stifel Nicolaus dropped their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and lifted their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Westpark Capital started coverage on shares of Microsoft in a research report on Tuesday. They issued a "hold" rating for the company. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $508.86.
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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