Microsoft Co. (NASDAQ:MSFT) Stock Position Trimmed by Spire Wealth Management

Spire Wealth Management lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,351 shares of the software giant's stock after selling 1,556 shares during the period. Microsoft makes up approximately 2.3% of Spire Wealth Management's holdings, making the stock its 7th largest holding. Spire Wealth Management's holdings in Microsoft were worth $73,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PBMares Wealth Management LLC increased its position in shares of Microsoft by 2.9% in the fourth quarter. PBMares Wealth Management LLC now owns 13,375 shares of the software giant's stock valued at $5,638,000 after acquiring an additional 377 shares during the period. Five Oceans Advisors lifted its holdings in Microsoft by 2.1% in the 4th quarter. Five Oceans Advisors now owns 13,471 shares of the software giant's stock worth $5,678,000 after buying an additional 275 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Microsoft by 4.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 54,009 shares of the software giant's stock valued at $22,765,000 after buying an additional 2,299 shares during the period. Osborne Partners Capital Management LLC raised its holdings in shares of Microsoft by 4.7% during the fourth quarter. Osborne Partners Capital Management LLC now owns 146,778 shares of the software giant's stock valued at $61,867,000 after acquiring an additional 6,581 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in Microsoft by 3.2% in the fourth quarter. Richardson Financial Services Inc. now owns 5,888 shares of the software giant's stock worth $2,501,000 after acquiring an additional 182 shares during the period. Institutional investors own 71.13% of the company's stock.

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Microsoft Stock Performance

NASDAQ MSFT traded down $11.78 on Friday, hitting $378.80. 21,606,792 shares of the company traded hands, compared to its average volume of 20,523,498. The business's 50 day moving average price is $405.52 and its 200-day moving average price is $419.06. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company has a market capitalization of $2.82 trillion, a price-to-earnings 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 released its quarterly earnings data 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 last year, the business earned $2.93 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Morgan Stanley reduced their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $510.59.

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.