Heritage Oak Wealth Advisors LLC Sells 8,744 Shares of Microsoft Co. (NASDAQ:MSFT)

Heritage Oak Wealth Advisors LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 87.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,264 shares of the software giant's stock after selling 8,744 shares during the quarter. Heritage Oak Wealth Advisors LLC's holdings in Microsoft were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management grew its holdings in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the 4th quarter worth approximately $141,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 2.3 %

Shares of MSFT stock opened at $435.28 on Friday. The company's fifty day moving average price is $384.93 and its 200-day moving average price is $411.07. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

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

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of analyst reports. Barclays boosted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday. TD Securities boosted their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley upped their price target on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research note on Thursday. Benchmark restated a "buy" rating on shares of Microsoft in a research note on Thursday. Finally, Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a report on Thursday. Six investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $507.77.

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.

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