Alecta Tjanstepension Omsesidigt Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Alecta Tjanstepension Omsesidigt increased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,471,200 shares of the software giant's stock after acquiring an additional 88,000 shares during the period. Microsoft comprises approximately 9.9% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its largest position. Alecta Tjanstepension Omsesidigt owned approximately 0.06% of Microsoft worth $1,883,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. boosted its stake in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management grew its holdings in shares of Microsoft by 0.7% in the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after acquiring an additional 112 shares during the period. 1900 Wealth Management LLC increased its position in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Microsoft by 2.4% in the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after acquiring an additional 217,509 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. Scotiabank upped their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday. Cantor Fitzgerald increased their price target on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler reissued a "neutral" rating on shares of Microsoft in a research report on Thursday. Wells Fargo & Company raised their target price on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $507.77.

Microsoft Price Performance

Shares of Microsoft stock traded up $9.88 during trading hours on Friday, reaching $435.28. The company's stock had a trading volume of 30,732,671 shares, compared to its average volume of 21,372,060. 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 Co. has a one year low of $344.79 and a one year high of $468.35. The firm has a 50 day moving average price of $384.93 and a 200-day moving average price of $411.07. The stock has a market cap of $3.24 trillion, a P/E ratio of 35.05, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during 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 revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.94 EPS. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given 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 of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

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.