Pacific Global Investment Management Co. Has $3.71 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Pacific Global Investment Management Co. decreased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,800 shares of the software giant's stock after selling 69,989 shares during the quarter. Microsoft accounts for approximately 4.8% of Pacific Global Investment Management Co.'s holdings, making the stock its 2nd largest position. Pacific Global Investment Management Co.'s holdings in Microsoft were worth $3,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter valued at $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho raised their price target on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Raymond James upped their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. BMO Capital Markets upped their price objective on Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $507.77.

Microsoft Stock Up 0.1 %

Shares of MSFT stock traded up $0.56 on Friday, hitting $438.73. The company's stock had a trading volume of 15,313,766 shares, compared to its average volume of 21,422,204. 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 market capitalization of $3.26 trillion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm's fifty day moving average price is $389.19 and its 200-day moving average price is $411.74.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction 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 represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company's stock.

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.