Aveo Capital Partners LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,927 shares of the software giant's stock after selling 2,882 shares during the quarter. Aveo Capital Partners LLC's holdings in Microsoft were worth $4,606,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC increased its stake in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased its stake in Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Campbell Wealth Management bought a new stake in Microsoft in the 3rd quarter valued at about $3,314,000. Finally, Romano Brothers AND Company boosted its holdings in Microsoft by 2.3% in the third quarter. Romano Brothers AND Company now owns 42,176 shares of the software giant's stock worth $18,148,000 after acquiring an additional 962 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.
Microsoft Stock Performance
Shares of NASDAQ:MSFT traded down $8.66 during trading on Monday, hitting $359.12. 20,766,151 shares of the company were exchanged, compared to its average volume of 21,244,616. The company has a market cap of $2.67 trillion, a PE ratio of 28.91, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52-week low of $344.79 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 stock has a 50 day moving average of $387.26 and a 200 day moving average of $412.30.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 quarter in the previous year, the firm earned $2.93 EPS. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.92%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.
Wall Street Analysts Forecast Growth
MSFT has been the topic of a number of recent research reports. Jefferies Financial Group reiterated a "buy" rating and issued a $475.00 target price (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Stifel Nicolaus lowered their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Scotiabank started coverage on Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. Morgan Stanley cut their target price on Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Wedbush dropped their price objective on Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Five 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 target price of $497.63.
View Our Latest Research Report on Microsoft
Microsoft Company Profile
(
Free Report)
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.
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