1834 Investment Advisors Co. Has $23.77 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

1834 Investment Advisors Co. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,403 shares of the software giant’s stock after selling 2,373 shares during the period. Microsoft makes up approximately 3.0% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 7th biggest position. 1834 Investment Advisors Co.’s holdings in Microsoft were worth $23,774,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BCK Partners Inc. lifted its position in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Global Wealth Strategies & Associates lifted its position in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after acquiring an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. Sequent Asset Management LLC lifted its position in 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 acquiring an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its position in Microsoft by 0.8% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Trading Up 2.6 %

Microsoft stock opened at $388.56 on Monday. The stock has a market cap of $2.89 trillion, a P/E ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The firm’s fifty day moving average price is $412.43 and its 200-day moving average price is $420.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 period in the previous year, the company earned $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s payout ratio is currently 26.73%.

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.