Petredis Investment Advisors LLC Has $52.20 Million Position in Microsoft Co. (NASDAQ:MSFT)

Petredis Investment Advisors LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,853 shares of the software giant's stock after selling 3,317 shares during the period. Microsoft makes up about 5.4% of Petredis Investment Advisors LLC's investment portfolio, making the stock its 4th largest holding. Petredis Investment Advisors LLC's holdings in Microsoft were worth $52,204,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Net Worth Advisory Group acquired a new stake in Microsoft during the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC grew its stake in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after acquiring an additional 18,544 shares in the last quarter. Jacobs & Co. CA increased its holdings in shares of Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock valued at $41,318,000 after purchasing an additional 880 shares during the period. Focus Financial Network Inc. lifted its position in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management acquired a new stake in shares of Microsoft during the third quarter worth approximately $3,314,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Piper Sandler reiterated an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Morgan Stanley reduced their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $510.43.

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Microsoft Stock Down 1.2 %

Shares of MSFT opened at $378.77 on Friday. 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 50-day simple moving average of $413.12 and a 200-day simple moving average of $420.77. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The firm has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $2.93 EPS. On average, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 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.

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