Schrum Private Wealth Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 41.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,116 shares of the software giant's stock after selling 12,180 shares during the period. Microsoft makes up about 6.1% of Schrum Private Wealth Management LLC's investment portfolio, making the stock its 2nd biggest position. Schrum Private Wealth Management LLC's holdings in Microsoft were worth $7,214,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. increased its position in Microsoft by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock worth $20,675,715,000 after buying an additional 1,823,579 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Microsoft by 1.1% in 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 period. Finally, Fisher Asset Management LLC lifted its position in shares of Microsoft by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant's stock valued at $11,898,314,000 after buying an additional 324,052 shares in the last quarter. Institutional investors own 71.13% of the company's stock.
Microsoft Trading Up 0.8%
Microsoft stock traded up $3.80 during midday trading on Wednesday, reaching $452.94. The stock had a trading volume of 19,864,490 shares, compared to its average volume of 21,486,259. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.37 trillion, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a fifty day moving average of $391.20 and a 200 day moving average of $411.86.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm 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%. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $2.94 EPS. On average, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is presently 25.66%.
Insider Buying and Selling
In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares of the company's stock, valued at $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 is available at this hyperlink. 0.03% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Bank of America reduced their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Mizuho lifted their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, DA Davidson upped their price objective on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $507.77.
Read Our Latest Research Report on Microsoft
Microsoft Company 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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