Successful Portfolios LLC Has $5.31 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Successful Portfolios LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,606 shares of the software giant’s stock after selling 48 shares during the period. Microsoft comprises approximately 3.6% of Successful Portfolios LLC’s holdings, making the stock its 4th largest position. Successful Portfolios LLC’s holdings in Microsoft were worth $5,313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Annex Advisory Services LLC lifted its stake in shares of Microsoft by 60.6% during the 4th quarter. Annex Advisory Services LLC now owns 108,960 shares of the software giant’s stock valued at $45,927,000 after buying an additional 41,125 shares in the last quarter. Mandatum Life Insurance Co Ltd raised its position in shares of Microsoft by 0.4% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 21,037 shares of the software giant’s stock valued at $8,867,000 after buying an additional 78 shares in the last quarter. Client 1ST Advisory Group LLC bought a new position in Microsoft during the 4th quarter valued at about $1,226,000. Grove Bank & Trust grew its stake in Microsoft by 5.4% in the 4th quarter. Grove Bank & Trust now owns 35,388 shares of the software giant’s stock worth $14,916,000 after acquiring an additional 1,814 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new position in Microsoft in the 4th quarter worth about $2,725,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Microsoft stock opened at $388.61 on Wednesday. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35. The stock has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90. The firm’s 50-day moving average is $418.73 and its two-hundred day moving average is $422.36. 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 (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company posted $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MSFT shares. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued 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 price target of $510.96.

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.