Watershed Private Wealth LLC Sells 561 Shares of Microsoft Co. (NASDAQ:MSFT)

Watershed Private Wealth LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,828 shares of the software giant’s stock after selling 561 shares during the quarter. Microsoft makes up 1.1% of Watershed Private Wealth LLC’s holdings, making the stock its 20th largest holding. Watershed Private Wealth LLC’s holdings in Microsoft were worth $2,878,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MSFT. Net Worth Advisory Group purchased a new stake in shares of Microsoft during the 3rd quarter worth $2,645,000. Oak Ridge Investments LLC raised its holdings in Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Campbell Wealth Management bought a new stake in shares of Microsoft in the 3rd quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC boosted its holdings in shares of Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after buying an additional 42,778 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $386.84 on Friday. 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 firm’s 50 day simple moving average is $409.38 and its 200-day simple moving average is $419.85. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The stock has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 firm earned $2.93 EPS. 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. Investors 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 dividend on an annualized basis and a yield of 0.86%. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. 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. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Scotiabank initiated coverage on Microsoft in a report on Thursday. They issued a “sector outperform” rating and a $470.00 price target for the company. Finally, Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Company 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.