Turtle Creek Wealth Advisors LLC Has $15.17 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,995 shares of the software giant's stock after purchasing an additional 4,684 shares during the quarter. Microsoft accounts for 3.5% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 7th largest position. Turtle Creek Wealth Advisors LLC's holdings in Microsoft were worth $15,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. International Assets Investment Management LLC raised its position in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC raised its position in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Microsoft by 46.1% in the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after purchasing an additional 2,222,483 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Scotiabank began coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Three equities 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 stock currently has an average rating of "Moderate Buy" and an average target price of $510.59.

Microsoft Stock Up 0.2 %

NASDAQ:MSFT traded up $0.61 during trading hours on Thursday, hitting $390.58. 13,742,201 shares of the company traded hands, compared to its average volume of 19,308,254. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.90 trillion, a PE ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92. The firm's 50-day simple moving average is $406.52 and its 200-day simple moving average is $419.25.

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, 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 last year, the company earned $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio 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.