Microsoft Co. (NASDAQ:MSFT) Stock Position Lowered by Summa Corp.

Summa Corp. trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,306 shares of the software giant’s stock after selling 1,112 shares during the period. Microsoft comprises about 7.1% of Summa Corp.’s investment portfolio, making the stock its 3rd largest position. Summa Corp.’s holdings in Microsoft were worth $14,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kaufman Rossin Wealth LLC purchased a new position in Microsoft in the 4th quarter valued at about $855,000. USAdvisors Wealth Management LLC lifted its holdings in Microsoft by 0.5% in the 4th quarter. USAdvisors Wealth Management LLC now owns 5,702 shares of the software giant’s stock valued at $2,403,000 after purchasing an additional 31 shares in the last quarter. Hanson & Doremus Investment Management lifted its holdings in Microsoft by 9.3% in the 4th quarter. Hanson & Doremus Investment Management now owns 43,754 shares of the software giant’s stock valued at $18,442,000 after purchasing an additional 3,726 shares in the last quarter. Manning & Napier Advisors LLC lifted its holdings in Microsoft by 58.0% in the 4th quarter. Manning & Napier Advisors LLC now owns 702,192 shares of the software giant’s stock valued at $295,974,000 after purchasing an additional 257,889 shares in the last quarter. Finally, VanderPol Investments L.L.C. lifted its holdings in shares of Microsoft by 7.8% during the 4th quarter. VanderPol Investments L.L.C. now owns 1,793 shares of the software giant’s stock worth $756,000 after acquiring an additional 130 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Thursday. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Tigress Financial increased their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.59.

Microsoft Stock Performance

Microsoft stock opened at $391.26 on Friday. The stock has a market cap of $2.91 trillion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $408.82 and a 200-day moving average of $419.67. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company posted $2.93 earnings per share. On average, analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

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.