Schmidt P J Investment Management Inc. Has $36.02 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Schmidt P J Investment Management Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,454 shares of the software giant's stock after selling 1,156 shares during the quarter. Microsoft comprises about 6.2% of Schmidt P J Investment Management Inc.'s investment portfolio, making the stock its 2nd largest position. Schmidt P J Investment Management Inc.'s holdings in Microsoft were worth $36,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in MSFT. Robertson Stephens Wealth Management LLC increased its stake in Microsoft by 5.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 127,174 shares of the software giant's stock valued at $53,604,000 after purchasing an additional 6,953 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its position in shares of Microsoft by 1.5% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 11,774 shares of the software giant's stock valued at $4,963,000 after buying an additional 170 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its stake in shares of Microsoft by 1.1% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 14,935 shares of the software giant's stock worth $6,295,000 after buying an additional 161 shares during the last quarter. Inman Jager Wealth Management LLC purchased a new stake in shares of Microsoft in the 4th quarter worth about $19,722,000. Finally, Summit Wealth Partners LLC grew its stake in Microsoft by 13.5% in the 4th quarter. Summit Wealth Partners LLC now owns 6,774 shares of the software giant's stock valued at $2,855,000 after acquiring an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Microsoft Stock Down 2.4 %

Shares of NASDAQ MSFT traded down $9.03 on Thursday, hitting $373.11. The company had a trading volume of 30,133,706 shares, compared to its average volume of 20,642,729. 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 12-month low of $367.24 and a 12-month high of $468.35. The firm has a market capitalization of $2.77 trillion, a P/E ratio of 30.04, a PEG ratio of 2.21 and a beta of 0.92. The business has a 50 day moving average of $402.24 and a two-hundred day moving average of $418.11.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the firm posted $2.93 earnings per share. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MSFT. Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Wedbush restated an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. 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. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $508.86.

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.