Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,689 shares of the software giant's stock after buying an additional 681 shares during the period. Microsoft accounts for about 4.5% of Commonwealth Retirement Investments LLC's portfolio, making the stock its 3rd largest holding. Commonwealth Retirement Investments LLC's holdings in Microsoft were worth $10,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MSFT. Geode Capital Management LLC raised its holdings in Microsoft by 2.0% in 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 acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 4.1% in 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 valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Microsoft by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after buying an additional 652,493 shares in the last quarter. Franklin Resources Inc. boosted its stake in Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after buying an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Microsoft by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant's stock valued at $12,007,285,000 after buying an additional 636,713 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. UBS Group dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company cut their target price on Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and upped their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Barclays cut their price objective on Microsoft from $475.00 to $430.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.89.

Microsoft Stock Up 0.3 %

Shares of NASDAQ:MSFT opened at $395.26 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The firm's 50 day moving average price is $383.76 and its 200 day moving average price is $410.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business 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%. The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.94 EPS. As a group, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. Microsoft's payout ratio is currently 26.73%.

About Microsoft

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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