Cornell Pochily Investment Advisors Inc. Has $8.26 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Cornell Pochily Investment Advisors Inc. lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,607 shares of the software giant’s stock after selling 320 shares during the period. Microsoft accounts for approximately 2.9% of Cornell Pochily Investment Advisors Inc.’s holdings, making the stock its 7th largest position. Cornell Pochily Investment Advisors Inc.’s holdings in Microsoft were worth $8,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Geode Capital Management LLC boosted its holdings 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Microsoft by 4.1% in the third 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 buying an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Microsoft by 1.4% in 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 buying an additional 652,493 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. raised its position 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 valued at $16,104,959,000 after buying an additional 406,940 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MSFT shares. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Mizuho lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $510.43.

Microsoft Trading Down 1.3 %

MSFT stock opened at $383.52 on Wednesday. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. 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 $2.85 trillion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.21 and a beta of 0.92. The business has a 50 day simple moving average of $410.87 and a two-hundred day simple moving average of $420.28.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business posted $2.93 EPS. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 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.