Colton Groome Financial Advisors LLC Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

Colton Groome Financial Advisors LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,837 shares of the software giant’s stock after selling 680 shares during the quarter. Microsoft comprises approximately 2.4% of Colton Groome Financial Advisors LLC’s holdings, making the stock its 8th largest holding. Colton Groome Financial Advisors LLC’s holdings in Microsoft were worth $6,254,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. WFA Asset Management Corp boosted its holdings 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 purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the last quarter. AMF Tjanstepension AB boosted its stake in Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after buying an additional 49,735 shares during the period. Traveka Wealth LLC increased its position in Microsoft by 0.9% during the third quarter. Traveka Wealth LLC now owns 14,514 shares of the software giant’s stock valued at $6,245,000 after acquiring an additional 126 shares during the last quarter. Finally, Tealwood Asset Management Inc. raised its stake in shares of Microsoft by 0.8% in the third quarter. Tealwood Asset Management Inc. now owns 6,033 shares of the software giant’s stock valued at $2,596,000 after acquiring an additional 49 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.1 %

Shares of MSFT stock opened at $391.26 on Monday. The stock’s fifty day moving average price is $408.82 and its 200 day moving average price is $419.74. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The company has a market cap of $2.91 trillion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $2.93 EPS. On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed 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 0.85%. Microsoft’s payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MSFT shares. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Stifel Nicolaus decreased their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Morgan Stanley cut their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday. Three 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 company has a consensus rating of “Moderate Buy” and an average price target of $510.59.

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.