Microsoft Co. (NASDAQ:MSFT) Stock Position Decreased by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,023 shares of the software giant’s stock after selling 162 shares during the period. Microsoft makes up about 1.0% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 17th biggest position. Mine & Arao Wealth Creation & Management LLC.’s holdings in Microsoft were worth $2,117,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Boomfish Wealth Group LLC boosted its stake in Microsoft by 2.2% in the 4th quarter. Boomfish Wealth Group LLC now owns 8,374 shares of the software giant’s stock worth $3,530,000 after purchasing an additional 177 shares during the period. Fortune Financial Advisors LLC grew its holdings in shares of Microsoft by 0.9% during the fourth quarter. Fortune Financial Advisors LLC now owns 6,377 shares of the software giant’s stock valued at $2,688,000 after buying an additional 54 shares in the last quarter. Ridgepath Capital Management LLC raised its position in Microsoft by 58.9% during the fourth quarter. Ridgepath Capital Management LLC now owns 4,720 shares of the software giant’s stock valued at $1,989,000 after buying an additional 1,750 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the 4th quarter worth about $38,000. Finally, Cibc World Market Inc. boosted its position in Microsoft by 8.8% during the 4th quarter. Cibc World Market Inc. now owns 1,864,105 shares of the software giant’s stock worth $785,720,000 after acquiring an additional 151,197 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.5 %

Shares of NASDAQ:MSFT opened at $393.08 on Tuesday. 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 stock has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a 50 day moving average of $408.34 and a 200-day moving average of $419.63. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company posted $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MSFT. Morgan Stanley reduced their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Tigress Financial boosted their target price on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Scotiabank initiated coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Three 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.