WESPAC Advisors SoCal LLC Trims Holdings in Microsoft Co. (NASDAQ:MSFT)

WESPAC Advisors SoCal LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,691 shares of the software giant's stock after selling 873 shares during the quarter. Microsoft comprises about 4.8% of WESPAC Advisors SoCal LLC's portfolio, making the stock its 2nd biggest position. WESPAC Advisors SoCal LLC's holdings in Microsoft were worth $21,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BCK Partners Inc. grew its position in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after purchasing an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC boosted its stake in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after buying an additional 24 shares during the last quarter. Sequent Asset Management LLC grew its holdings in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after acquiring an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC increased its position in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after acquiring an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC raised its holdings in Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have weighed in on the company. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Royal Bank of Canada restated an "outperform" rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. UBS Group dropped their price target on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Loop Capital upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $508.86.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $6.80 during mid-day trading on Tuesday, reaching $382.19. The company had a trading volume of 19,430,156 shares, compared to its average volume of 20,577,346. 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 Co. has a one year low of $367.24 and a one year high of $468.35. The firm has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The business's 50-day simple moving average is $404.45 and its 200 day simple moving average is $418.77.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 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 company posted $2.93 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid 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 0.87%. Microsoft's payout ratio is presently 26.73%.

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.