Everett Harris & Co. CA Lowers Holdings in Microsoft Co. (NASDAQ:MSFT)

Everett Harris & Co. CA trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,511,215 shares of the software giant's stock after selling 9,987 shares during the period. Microsoft accounts for approximately 8.0% of Everett Harris & Co. CA's holdings, making the stock its 4th largest holding. Everett Harris & Co. CA's holdings in Microsoft were worth $636,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter worth about $38,000. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC lifted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at $62,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSFT shares. Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Scotiabank began coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective on the stock. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Three 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, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $510.59.

Remove Ads

Microsoft Stock Down 2.5 %

Shares of NASDAQ:MSFT traded down $9.83 during midday trading on Friday, hitting $380.75. 5,999,331 shares of the company's stock were exchanged, compared to its average volume of 20,468,536. 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 stock has a 50 day moving average price of $406.52 and a 200-day moving average price of $419.25. The company has a market cap of $2.83 trillion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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 last year, the business earned $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal 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 given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

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.