Tobam trimmed its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 19.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,692 shares of the software giant's stock after selling 1,149 shares during the period. Tobam's holdings in Microsoft were worth $1,978,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the 4th quarter valued at $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.
Microsoft Trading Down 3.6 %
MSFT stock opened at $359.84 on Friday. 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 twelve month low of $359.48 and a twelve month high of $468.35. The company has a market cap of $2.68 trillion, a P/E ratio of 28.97, a PEG ratio of 2.21 and a beta of 1.00. The business has a fifty day moving average of $399.08 and a 200-day moving average of $417.40.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $2.93 EPS. As a group, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Wedbush reissued an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Finally, Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $508.86.
View Our Latest Report on MSFT
About Microsoft
(
Free Report)
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.
See Also
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