New Wave Wealth Advisors LLC Decreases Position in Microsoft Co. (NASDAQ:MSFT)

New Wave Wealth Advisors LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,552 shares of the software giant’s stock after selling 456 shares during the period. Microsoft comprises approximately 1.7% of New Wave Wealth Advisors LLC’s portfolio, making the stock its 17th largest position. New Wave Wealth Advisors LLC’s holdings in Microsoft were worth $4,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Microsoft by 48,526.1% during the 3rd 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 acquiring an additional 38,422,466 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC raised its holdings in Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. boosted its position in Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after buying an additional 2,222,483 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 4.1% in the 3rd 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 worth $23,490,417,000 after acquiring an additional 2,125,030 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Mizuho cut their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 target price for the company. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, 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. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Up 0.5 %

MSFT stock opened at $393.08 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The stock has a market capitalization of $2.92 trillion, a P/E ratio of 31.65, a P/E/G ratio of 2.21 and a beta of 0.92. The business has a fifty day moving average price of $408.34 and a 200-day moving average price of $419.63.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 in the previous year, the company posted $2.93 EPS. Equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced 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. This represents a $3.32 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 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.