Microsoft Co. (NASDAQ:MSFT) Stock Position Lowered by Schnieders Capital Management LLC

Schnieders Capital Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 110,380 shares of the software giant's stock after selling 742 shares during the period. Microsoft makes up approximately 9.2% of Schnieders Capital Management LLC's holdings, making the stock its largest position. Schnieders Capital Management LLC's holdings in Microsoft were worth $46,525,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Barclays boosted their target price on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group lifted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Raymond James lifted their price objective on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $507.77.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $9.88 during mid-day trading on Friday, hitting $435.28. 30,732,671 shares of the company's stock traded hands, 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 1 year low of $344.79 and a 1 year high of $468.35. The company's 50-day moving average is $384.93 and its two-hundred day moving average is $411.07. The company has a market capitalization of $3.24 trillion, a P/E ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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 paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

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.