Smallwood Wealth Investment Management LLC Sells 39 Shares of Microsoft Co. (NASDAQ:MSFT)

Smallwood Wealth Investment Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,030 shares of the software giant’s stock after selling 39 shares during the quarter. Microsoft makes up 1.4% of Smallwood Wealth Investment Management LLC’s investment portfolio, making the stock its 14th biggest holding. Smallwood Wealth Investment Management LLC’s holdings in Microsoft were worth $2,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cerro Pacific Wealth Advisors LLC increased its position in Microsoft by 0.4% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 23,302 shares of the software giant’s stock valued at $10,027,000 after purchasing an additional 97 shares during the period. FCG Investment Co grew its holdings in Microsoft by 10.1% during the 4th quarter. FCG Investment Co now owns 30,818 shares of the software giant’s stock worth $12,990,000 after acquiring an additional 2,817 shares during the period. Lifestyle Asset Management Inc. raised its position in shares of Microsoft by 6.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,344 shares of the software giant’s stock worth $566,000 after acquiring an additional 87 shares in the last quarter. Yeomans Consulting Group Inc. lifted its stake in shares of Microsoft by 6.7% in the 4th quarter. Yeomans Consulting Group Inc. now owns 3,956 shares of the software giant’s stock valued at $1,667,000 after purchasing an additional 247 shares during the period. Finally, Spinnaker Investment Group LLC boosted its position in shares of Microsoft by 47.8% during the 4th quarter. Spinnaker Investment Group LLC now owns 72,185 shares of the software giant’s stock valued at $30,426,000 after purchasing an additional 23,352 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ MSFT opened at $383.27 on Thursday. The company’s 50 day moving average is $413.92 and its 200-day moving average is $421.06. The firm has a market cap of $2.85 trillion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its earnings results 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 quarter last year, the firm posted $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Loop Capital lifted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Mizuho dropped their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Stifel Nicolaus cut their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $509.54.

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.