Vaughan David Investments LLC IL Has $126.98 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Vaughan David Investments LLC IL trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,265 shares of the software giant's stock after selling 4,737 shares during the period. Microsoft accounts for 3.0% of Vaughan David Investments LLC IL's portfolio, making the stock its largest holding. Vaughan David Investments LLC IL's holdings in Microsoft were worth $126,983,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $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 boosted its holdings in shares of Microsoft by 4.1% during the 3rd 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. grew its position in shares of 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 valued at $20,322,513,000 after purchasing an additional 652,493 shares in the last quarter. Franklin Resources Inc. increased its holdings 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 purchasing an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant's stock worth $12,007,285,000 after buying an additional 636,713 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MSFT shares. Mizuho decreased their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price target on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group decreased their price objective on Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus cut their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $493.89.

Microsoft Stock Up 0.3 %

Shares of MSFT stock opened at $395.26 on Thursday. The stock's fifty day moving average price is $383.76 and its 200 day moving average price is $410.91. 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 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period last year, the business earned $2.94 EPS. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. Microsoft's dividend payout ratio (DPR) is presently 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.

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