Tcfg Wealth Management LLC Has $4.68 Million Position in Microsoft Co. (NASDAQ:MSFT)

Tcfg Wealth Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,106 shares of the software giant's stock after selling 1,109 shares during the quarter. Microsoft accounts for approximately 2.4% of Tcfg Wealth Management LLC's portfolio, making the stock its 5th largest position. Tcfg Wealth Management LLC's holdings in Microsoft were worth $4,681,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MSFT. Assenagon Asset Management S.A. boosted its position in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after buying an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. Baillie Gifford & Co. grew its stake in shares of Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after acquiring an additional 2,222,483 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in Microsoft by 43,900.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock valued at $860,913,000 after buying an additional 2,037,857 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Down 1.0 %

Shares of MSFT traded down $3.83 on Friday, reaching $367.78. The stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,246,383. The company has a 50-day simple moving average of $388.25 and a 200-day simple moving average of $412.78. 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 firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

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

Microsoft Announces Dividend

The business 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 $0.83 dividend. The ex-dividend date 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 is currently 26.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MSFT shares. Bank of America reduced their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday. Wedbush reduced their target price on Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Tigress Financial raised their price target on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, BMO Capital Markets lowered their target price on shares of Microsoft from $490.00 to $470.00 and set an "outperform" rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $499.97.

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.