Microsoft Co. (NASDAQ:MSFT) Stock Holdings Trimmed by VCI Wealth Management LLC

VCI Wealth Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,060 shares of the software giant’s stock after selling 612 shares during the quarter. Microsoft accounts for 5.0% of VCI Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. VCI Wealth Management LLC’s holdings in Microsoft were worth $11,827,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. WFA Asset Management Corp raised its position in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB lifted its stake in Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after acquiring an additional 49,735 shares during the period. Czech National Bank grew its position in Microsoft by 6.9% in the 3rd quarter. Czech National Bank now owns 1,514,189 shares of the software giant’s stock worth $651,556,000 after purchasing an additional 97,893 shares during the period. Finally, HBW Advisory Services LLC increased its position in Microsoft by 2.7% during the third quarter. HBW Advisory Services LLC now owns 21,894 shares of the software giant’s stock valued at $9,421,000 after acquiring an additional 581 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. UBS Group lowered their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $510.43.

Microsoft Stock Up 1.1 %

MSFT stock opened at $387.82 on Thursday. The company’s 50 day simple moving average is $410.13 and its 200-day simple moving average is $420.08. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $2.88 trillion, a P/E ratio of 31.23, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 in the prior year, the business posted $2.93 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft’s dividend payout ratio (DPR) 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.