Microsoft Co. (NASDAQ:MSFT) Position Cut by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 8,918 shares of the software giant’s stock after selling 166 shares during the period. Microsoft comprises 2.0% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Eagle Bluffs Wealth Management LLC’s holdings in Microsoft were worth $3,759,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MSFT. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% during the fourth 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 lifted its holdings in Microsoft by 144.4% in the fourth 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 period. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter valued at about $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.2 %

Shares of Microsoft stock opened at $390.58 on Friday. Microsoft Co. has a 12-month low of $376.91 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. The stock has a 50 day moving average price of $406.52 and a two-hundred day moving average price of $419.25. The stock has a market capitalization of $2.90 trillion, a P/E ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92.

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, topping 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 posted $2.93 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSFT. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Stifel Nicolaus dropped their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. UBS Group dropped their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.