SkyOak Wealth LLC Has $6.49 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

SkyOak Wealth LLC lowered its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,399 shares of the software giant's stock after selling 748 shares during the period. Microsoft accounts for 1.4% of SkyOak Wealth LLC's portfolio, making the stock its 20th largest holding. SkyOak Wealth LLC's holdings in Microsoft were worth $6,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. BCK Partners Inc. lifted its stake in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Sequent Asset Management LLC lifted its position in shares of Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC boosted its holdings in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock worth $1,380,000 after purchasing an additional 25 shares during the last quarter. Riverstone Advisors LLC grew its position in Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock valued at $1,941,000 after purchasing an additional 25 shares in the last quarter. Finally, Boulder Wealth Advisors LLC increased its stake in Microsoft by 1.0% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock valued at $1,106,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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Microsoft Price Performance

Microsoft stock traded down $11.78 during midday trading on Friday, reaching $378.80. The company's stock had a trading volume of 21,606,792 shares, compared to its average volume of 20,523,498. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.82 trillion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The business has a 50-day moving average price of $405.52 and a 200-day moving average price of $419.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly 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 last year, the firm posted $2.93 EPS. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent research reports. Wedbush restated an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a research note on Thursday, March 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. DA Davidson raised shares of 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. Finally, Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $510.59.

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.