E. Ohman J or Asset Management AB Acquires 4,624 Shares of Microsoft Co. (NASDAQ:MSFT)

E. Ohman J or Asset Management AB raised its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 866,721 shares of the software giant's stock after acquiring an additional 4,624 shares during the quarter. Microsoft comprises approximately 8.5% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its biggest holding. E. Ohman J or Asset Management AB's holdings in Microsoft were worth $365,323,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after acquiring an additional 652,493 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Cantor Fitzgerald restated an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price on the stock. Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday. They set a "hold" rating on the stock. Mizuho decreased their target price 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, Piper Sandler restated an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $508.86.

Microsoft Trading Down 0.4 %

MSFT traded down $1.47 during trading on Friday, hitting $371.64. The company's stock had a trading volume of 8,868,787 shares, compared to its average volume of 20,604,183. The firm has a market capitalization of $2.76 trillion, a P/E ratio of 29.87, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $355.27 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $400.77 and its 200-day moving average price is $417.80.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 quarter last year, the firm earned $2.93 EPS. Analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.89%. Microsoft's dividend payout ratio is 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.