Microsoft Co. (NASDAQ:MSFT) Stake Reduced by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 53,333 shares of the software giant’s stock after selling 180 shares during the quarter. Microsoft comprises approximately 4.3% of Alpha Omega Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Alpha Omega Wealth Management LLC’s holdings in Microsoft were worth $22,480,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter valued at about $38,000. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC grew its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MSFT shares. Morgan Stanley dropped their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Loop Capital increased their price target 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. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Mizuho cut their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $389.97 on Thursday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.90 trillion, a PE ratio of 31.40, a P/E/G ratio of 2.21 and a beta of 0.92. The stock has a 50 day simple moving average of $407.20 and a 200-day simple moving average of $419.45.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the firm posted $2.93 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid 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 yield of 0.85%. Microsoft’s payout ratio is 26.73%.

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.