Microsoft Co. (NASDAQ:MSFT) Stock Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,803,120 shares of the software giant's stock after buying an additional 134,593 shares during the quarter. Microsoft accounts for approximately 4.8% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 4th largest holding. Mirae Asset Global Investments Co. Ltd.'s holdings in Microsoft were worth $1,196,374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management raised its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the third quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter valued at approximately $141,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

MSFT traded down $0.05 during trading hours on Wednesday, hitting $382.14. The company's stock had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The stock has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. The business's 50-day moving average price is $403.52 and its 200-day moving average price is $418.45. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $367.24 and a 12 month high of $468.35.

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Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business posted $2.93 EPS. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft's payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MSFT shares. UBS Group reduced their price target on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th. Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Westpark Capital began coverage on shares of Microsoft in a research note on Tuesday. They set a "hold" rating for the company. Finally, Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target on the stock. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $508.86.

Microsoft 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.