Choreo LLC Acquires 1,072 Shares of Microsoft Co. (NASDAQ:MSFT)

Choreo LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,963 shares of the software giant's stock after buying an additional 1,072 shares during the quarter. Microsoft accounts for approximately 2.0% of Choreo LLC's holdings, making the stock its 7th biggest holding. Choreo LLC's holdings in Microsoft were worth $136,770,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Microsoft by 2.0% during the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Microsoft by 4.1% during the 3rd 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. Charles Schwab Investment Management Inc. increased its holdings in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after purchasing an additional 652,493 shares in the last quarter. International Assets Investment Management LLC raised its position in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after buying an additional 406,940 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several analysts have issued reports on MSFT shares. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and raised their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Wedbush reissued an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Finally, Jefferies Financial Group dropped their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $508.86.

Microsoft Trading Down 0.0 %

Shares of Microsoft stock traded down $0.05 during trading on Wednesday, hitting $382.14. The stock had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The stock has a 50 day simple moving average of $403.52 and a 200 day simple moving average of $418.45. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The company has a market capitalization of $2.84 trillion, a PE ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92.

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 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 company earned $2.93 earnings per share. On average, research analysts expect 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 given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is 26.73%.

Microsoft Company 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.