Tealwood Asset Management Inc. Raises Position in Microsoft Co. (NASDAQ:MSFT)

Tealwood Asset Management Inc. raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 45.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,749 shares of the software giant's stock after purchasing an additional 2,716 shares during the quarter. Microsoft accounts for about 1.5% of Tealwood Asset Management Inc.'s holdings, making the stock its 5th biggest holding. Tealwood Asset Management Inc.'s holdings in Microsoft were worth $3,688,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Net Worth Advisory Group bought a new position in shares of Microsoft during the third quarter worth about $2,645,000. Oak Ridge Investments LLC raised its position in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant's stock worth $882,816,000 after acquiring an additional 31,401 shares during the last quarter. Jacobs & Co. CA raised its position in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock worth $41,318,000 after acquiring an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. raised its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after acquiring an additional 1,489 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Microsoft stock traded down $7.88 during trading on Friday, reaching $408.25. The company had a trading volume of 27,440,364 shares, compared to its average volume of 23,130,024. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm's 50-day simple moving average is $425.20 and its 200 day simple moving average is $422.69. The firm has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. 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 (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 company posted $2.93 EPS. Sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft's dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Morgan Stanley reduced their price objective on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Wedbush reaffirmed an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $510.96.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now directly owns 53,852 shares of the company's stock, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 8,000 shares of company stock valued at $3,493,820 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

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.