Microsoft Co. (NASDAQ:MSFT) is Cohen Klingenstein LLC’s 6th Largest Position

Cohen Klingenstein LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,500 shares of the software giant’s stock after selling 34,000 shares during the quarter. Microsoft accounts for about 4.1% of Cohen Klingenstein LLC’s investment portfolio, making the stock its 6th largest holding. Cohen Klingenstein LLC’s holdings in Microsoft were worth $120,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BCK Partners Inc. boosted its stake in Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares in the last quarter. Conscious Wealth Investments LLC boosted its stake in Microsoft by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after buying an additional 25 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after buying an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC boosted its position in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Up 1.2 %

MSFT opened at $397.12 on Friday. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The business has a 50-day moving average of $420.68 and a 200-day moving average of $422.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $2.95 trillion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business posted $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $437.32, for a total value of $874,640.00. Following the transaction, the chief marketing officer now directly owns 51,852 shares of the company’s stock, valued at approximately $22,675,916.64. This trade represents a 3.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 7,000 shares of company stock valued at $3,070,340. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DA Davidson reiterated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Four equities research 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, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.