Microsoft Co. (NASDAQ:MSFT) is Rhumbline Advisers' 3rd Largest Position

Rhumbline Advisers lessened its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,312,713 shares of the software giant's stock after selling 197,524 shares during the quarter. Microsoft comprises 5.4% of Rhumbline Advisers' investment portfolio, making the stock its 3rd biggest position. Rhumbline Advisers owned 0.19% of Microsoft worth $6,032,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after buying an additional 18,544 shares in the last quarter. Focus Financial Network Inc. grew its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Campbell Wealth Management bought a new position in Microsoft during the 3rd quarter worth $3,314,000. Finally, Romano Brothers AND Company grew its position in shares of Microsoft by 2.3% in the 3rd quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant's stock valued at $18,148,000 after buying an additional 962 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of MSFT stock traded down $3.83 during trading on Friday, reaching $367.78. 20,940,221 shares of the company's stock traded hands, compared to its average volume of 21,277,339. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a market capitalization of $2.73 trillion, a P/E ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average is $389.13 and its 200 day moving average is $413.21.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the business posted $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.90%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group reduced their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday. Wells Fargo & Company dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research note on Monday. Westpark Capital assumed coverage on shares of Microsoft in a report on Tuesday, April 1st. They set a "hold" rating for the company. Finally, StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $499.97.

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.