Heirloom Wealth Management Reduces Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Heirloom Wealth Management lowered its position in Microsoft Co. (NASDAQ:MSFT) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,896 shares of the software giant’s stock after selling 1,708 shares during the quarter. Microsoft accounts for about 6.6% of Heirloom Wealth Management’s holdings, making the stock its 6th largest position. Heirloom Wealth Management’s holdings in Microsoft were worth $21,874,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MSFT. West Wealth Group LLC raised its holdings in shares of Microsoft by 11.3% in the 4th quarter. West Wealth Group LLC now owns 7,886 shares of the software giant’s stock worth $3,324,000 after buying an additional 800 shares in the last quarter. James Hambro & Partners LLP boosted its position in shares of Microsoft by 1.3% in the 4th quarter. James Hambro & Partners LLP now owns 365,500 shares of the software giant’s stock worth $154,049,000 after purchasing an additional 4,639 shares during the last quarter. Lighthouse Wealth Management Inc. bought a new position in shares of Microsoft in the 4th quarter worth $951,000. CKW Financial Group boosted its position in shares of Microsoft by 0.9% in the 4th quarter. CKW Financial Group now owns 10,516 shares of the software giant’s stock worth $4,433,000 after purchasing an additional 95 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC boosted its position in shares of Microsoft by 1.6% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 16,542 shares of the software giant’s stock worth $6,972,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. Stifel Nicolaus reduced 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Finally, Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Stock Performance

NASDAQ MSFT opened at $383.52 on Wednesday. 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. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The stock has a fifty day simple moving average of $410.87 and a 200 day simple moving average of $420.28. 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 issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 in the prior year, the company posted $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. Microsoft’s payout ratio is currently 26.73%.

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.