Good Life Advisors LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,050 shares of the software giant's stock after selling 2,547 shares during the period. Microsoft comprises approximately 2.0% of Good Life Advisors LLC's investment portfolio, making the stock its 8th biggest position. Good Life Advisors LLC's holdings in Microsoft were worth $26,997,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Financial Perspectives Inc boosted its stake in Microsoft by 1.6% in the fourth quarter. Financial Perspectives Inc now owns 33,537 shares of the software giant's stock worth $14,136,000 after buying an additional 541 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of Microsoft by 98.6% during the 4th quarter. Alberta Investment Management Corp now owns 230,035 shares of the software giant's stock valued at $96,960,000 after acquiring an additional 114,179 shares during the last quarter. Pegasus Asset Management Inc. lifted its stake in Microsoft by 0.3% in the fourth quarter. Pegasus Asset Management Inc. now owns 36,295 shares of the software giant's stock worth $15,298,000 after purchasing an additional 111 shares during the last quarter. Strata Wealth Advisors LLC boosted its position in Microsoft by 0.4% during the 4th quarter. Strata Wealth Advisors LLC now owns 10,277 shares of the software giant's stock valued at $4,332,000 after acquiring an additional 44 shares in the last quarter. Finally, Legacy Solutions LLC acquired a new position in Microsoft in the 4th quarter worth approximately $794,000. Institutional investors and hedge funds own 71.13% of the company's stock.
Microsoft Trading Up 0.8 %
MSFT traded up $3.13 during trading hours on Friday, reaching $390.43. 10,038,393 shares of the company's stock traded hands, compared to its average volume of 21,247,445. The firm has a 50-day moving average price of $385.28 and a 200 day moving average price of $411.53. The firm has a market capitalization of $2.90 trillion, a PE ratio of 31.47, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52-week low of $344.79 and a 52-week 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.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 firm posted $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently announced 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 is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft's payout ratio is currently 26.73%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Scotiabank initiated coverage on Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective on the stock. Westpark Capital assumed coverage on shares of Microsoft in a research note on Tuesday, April 1st. They issued a "hold" rating for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Bank of America dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus target price of $493.13.
View Our Latest Report on MSFT
Microsoft Company Profile
(
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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