Livforsakringsbolaget Skandia Omsesidigt cut its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,892 shares of the software giant's stock after selling 1,500 shares during the period. Microsoft accounts for 6.2% of Livforsakringsbolaget Skandia Omsesidigt's portfolio, making the stock its 3rd largest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Microsoft were worth $116,649,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its stake in Microsoft by 144.4% in the 4th 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 position in Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the fourth quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on MSFT. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Scotiabank started coverage on Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective on the stock. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Jefferies Financial Group cut their price objective on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a report on Monday, March 31st. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $508.86.
Read Our Latest Research Report on MSFT
Microsoft Stock Down 3.6 %
Shares of NASDAQ:MSFT opened at $359.84 on Friday. Microsoft Co. has a 52-week low of $359.48 and a 52-week high of $468.35. The company has a market capitalization of $2.68 trillion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a fifty day moving average of $399.08 and a 200-day moving average of $417.40.
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, 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 period in the previous year, the firm posted $2.93 earnings per share. On average, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.
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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