Sonora Investment Management Group LLC Has $55.57 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Sonora Investment Management Group LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 131,830 shares of the software giant’s stock after selling 81 shares during the quarter. Microsoft makes up about 4.3% of Sonora Investment Management Group LLC’s portfolio, making the stock its 2nd largest holding. Sonora Investment Management Group LLC’s holdings in Microsoft were worth $55,566,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MSFT. BCK Partners Inc. lifted its holdings in shares of Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares during the period. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the period. Sequent Asset Management LLC boosted its position in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC grew its stake in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares during the period. Finally, Riverstone Advisors LLC increased its holdings in shares of Microsoft by 0.6% during the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.08 on Tuesday. The stock has a market cap of $2.92 trillion, a PE ratio of 31.65, a P/E/G 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 $408.34 and a 200-day simple moving average of $419.63. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MSFT shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Scotiabank started coverage on Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target on the stock. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Mizuho dropped their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” 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-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.