Litman Gregory Wealth Management LLC Has $17.31 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Litman Gregory Wealth Management LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,058 shares of the software giant’s stock after selling 1,830 shares during the period. Microsoft comprises approximately 1.5% of Litman Gregory Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Litman Gregory Wealth Management LLC’s holdings in Microsoft were worth $17,306,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in MSFT. International Assets Investment Management LLC increased 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 purchasing an additional 38,422,466 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Microsoft by 76.6% during 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 increased its stake in shares of Microsoft by 2.0% in the third 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 in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Microsoft by 46.1% in the third 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Microsoft by 4.1% during 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 buying an additional 2,125,030 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSFT. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. UBS Group dropped their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Stock Up 0.5 %

NASDAQ:MSFT opened at $395.16 on Wednesday. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The stock has a 50-day moving average price of $407.93 and a two-hundred day moving average price of $419.53. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a PEG 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.

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, 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 period last year, the firm posted $2.93 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Microsoft 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.