Microsoft Co. (NASDAQ:MSFT) Shares Sold by CMG Global Holdings LLC

CMG Global Holdings LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,067 shares of the software giant’s stock after selling 94 shares during the period. Microsoft accounts for approximately 1.8% of CMG Global Holdings LLC’s investment portfolio, making the stock its 16th largest position. CMG Global Holdings LLC’s holdings in Microsoft were worth $3,153,000 at the end of the most recent quarter.

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

Microsoft Trading Up 0.5 %

NASDAQ MSFT opened at $393.08 on Tuesday. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The company has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 fifty day moving average price is $408.34 and its 200 day moving average price is $419.63.

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 last year, the business earned $2.93 EPS. On average, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. 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. Morgan Stanley reduced their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Finally, UBS Group cut their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Three equities 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.