Mediolanum International Funds Ltd trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 957,252 shares of the software giant's stock after selling 71,662 shares during the period. Microsoft comprises 5.3% of Mediolanum International Funds Ltd's holdings, making the stock its 3rd largest position. Mediolanum International Funds Ltd's holdings in Microsoft were worth $405,670,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB grew its holdings in Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after purchasing an additional 49,735 shares during the period. Traveka Wealth LLC increased its position in shares of Microsoft by 0.9% in the third quarter. Traveka Wealth LLC now owns 14,514 shares of the software giant's stock valued at $6,245,000 after buying an additional 126 shares in the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in shares of Microsoft by 0.8% during the 3rd quarter. Tealwood Asset Management Inc. now owns 6,033 shares of the software giant's stock worth $2,596,000 after buying an additional 49 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on MSFT. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. Morgan Stanley cut their price objective on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Finally, Piper Sandler restated an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $510.59.
Check Out Our Latest Stock Analysis on MSFT
Microsoft Trading Up 0.2 %
Shares of NASDAQ MSFT traded up $0.61 during mid-day trading on Thursday, reaching $390.58. 13,741,615 shares of the company's stock were exchanged, compared to its average volume of 22,928,355. The firm has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company's 50-day moving average is $407.20 and its 200-day moving average is $419.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 earnings per share. Analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The company 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.
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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