Microsoft Co. (NASDAQ:MSFT) is Everett Harris & Co. CA’s 4th Largest Position

Everett Harris & Co. CA lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,511,215 shares of the software giant’s stock after selling 9,987 shares during the quarter. Microsoft accounts for 8.0% of Everett Harris & Co. CA’s investment portfolio, making the stock its 4th biggest position. Everett Harris & Co. CA’s holdings in Microsoft were worth $636,977,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter valued at about $38,000. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC grew its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft during the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSFT. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Stock Up 0.5 %

Shares of MSFT opened at $395.16 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The company has a market cap of $2.94 trillion, a PE ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 0.92. The business has a fifty day moving average of $407.93 and a 200 day moving average of $419.53.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business earned $2.93 EPS. On average, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 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.