WJ Wealth Management LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

WJ Wealth Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,750 shares of the software giant's stock after selling 1,214 shares during the quarter. Microsoft comprises about 1.9% of WJ Wealth Management LLC's holdings, making the stock its 18th largest position. WJ Wealth Management LLC's holdings in Microsoft were worth $5,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC lifted its position in 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 worth $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.0% in the 3rd 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. grew its holdings in shares of Microsoft by 46.1% during 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

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Microsoft Stock Down 0.4 %

Microsoft stock traded down $1.34 during trading hours on Wednesday, hitting $380.85. The stock had a trading volume of 8,494,296 shares, compared to its average volume of 20,548,939. The stock's 50-day moving average price is $403.52 and its 200-day moving average price is $418.45. The stock has a market capitalization of $2.83 trillion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $367.24 and a 12-month 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company posted $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. 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 report on Thursday, January 30th. Jefferies Financial Group lowered their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research report on Monday. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and raised their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $508.86.

About Microsoft

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.