LGT Group Foundation raised its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,231,880 shares of the software giant's stock after acquiring an additional 20,740 shares during the quarter. Microsoft makes up about 8.0% of LGT Group Foundation's portfolio, making the stock its biggest position. LGT Group Foundation's holdings in Microsoft were worth $519,237,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its stake in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC grew its stake in Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Microsoft by 4.1% during the third 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 purchasing an additional 2,125,030 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Stock Up 1.1 %
MSFT stock opened at $438.00 on Friday. The firm has a market cap of $3.26 trillion, a PE ratio of 35.27, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm's 50 day moving average price is $388.19 and its 200-day moving average price is $411.61.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The business 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 company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.94 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft's dividend payout ratio is currently 25.66%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Mizuho upped their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Royal Bank of Canada upped their price objective on shares of Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, DA Davidson lifted their price target on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $507.77.
Read Our Latest Stock Report on MSFT
Insider Buying and Selling
In related news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.
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.
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