Greenleaf Trust Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

Greenleaf Trust cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,726 shares of the software giant's stock after selling 4,847 shares during the period. Microsoft comprises about 1.2% of Greenleaf Trust's portfolio, making the stock its 6th biggest position. Greenleaf Trust's holdings in Microsoft were worth $137,294,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its stake in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft during the 4th quarter worth about $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. UBS Group lowered their price target on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target on the stock. Finally, Piper Sandler reissued an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

Remove Ads

Microsoft Stock Down 3.0 %

Shares of NASDAQ MSFT traded down $11.78 during trading on Friday, reaching $378.80. 21,606,792 shares of the stock were exchanged, compared to its average volume of 20,523,498. The company has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $376.91 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 business's 50-day moving average price is $405.52 and its 200 day moving average price is $419.06.

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, beating analysts' consensus estimates 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 firm posted $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.88%. Microsoft's dividend payout ratio (DPR) 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.