Carlson Capital Management reduced its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,097 shares of the software giant's stock after selling 1,514 shares during the period. Microsoft comprises 0.3% of Carlson Capital Management's holdings, making the stock its 20th largest position. Carlson Capital Management's holdings in Microsoft were worth $7,628,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its stake in shares of Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. Centric Wealth Management raised its position in shares of Microsoft by 0.7% during the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after purchasing an additional 112 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock worth $3,980,299,000 after buying an additional 217,509 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Scotiabank raised their price objective on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 1st. Tigress Financial boosted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Mizuho lifted their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $513.13.
View Our Latest Report on Microsoft
Microsoft Stock Performance
NASDAQ MSFT traded up $10.51 on Tuesday, reaching $460.69. The stock had a trading volume of 20,932,633 shares, compared to its average volume of 21,585,267. The stock has a market cap of $3.42 trillion, a P/E ratio of 37.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The business's 50-day moving average price is $403.62 and its 200 day moving average price is $414.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 EPS. As a group, 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. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
Insider Buying and Selling
In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock valued at $58,375,673 over the last quarter. Company insiders own 0.03% of the company's stock.
Microsoft 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.
Further Reading
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