Birchcreek Wealth Management LLC Sells 702 Shares of Microsoft Co. (NASDAQ:MSFT)

Birchcreek Wealth Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,245 shares of the software giant's stock after selling 702 shares during the quarter. Microsoft comprises approximately 1.9% of Birchcreek Wealth Management LLC's portfolio, making the stock its 11th biggest holding. Birchcreek Wealth Management LLC's holdings in Microsoft were worth $3,054,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after acquiring an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after acquiring an additional 652,493 shares in the last quarter. Franklin Resources Inc. raised its holdings in Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after acquiring an additional 406,940 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant's stock valued at $12,007,285,000 after acquiring an additional 636,713 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSFT. Tigress Financial upped their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. The Goldman Sachs Group upped their price target on shares of Microsoft from $450.00 to $480.00 and gave the company a "buy" rating in a report on Thursday. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday. Royal Bank of Canada increased their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $503.74.

Microsoft Price Performance

NASDAQ:MSFT traded up $34.82 during mid-day trading on Thursday, hitting $430.08. The company's stock had a trading volume of 41,615,361 shares, compared to its average volume of 21,248,390. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a fifty day moving average of $383.76 and a 200-day moving average of $410.91. 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 capitalization of $3.20 trillion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.94 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. 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 0.77%. Microsoft's payout ratio is currently 26.73%.

Microsoft 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.