Berry Wealth Group LP Sells 384 Shares of Microsoft Co. (NASDAQ:MSFT)

Berry Wealth Group LP lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,449 shares of the software giant’s stock after selling 384 shares during the period. Microsoft comprises about 12.1% of Berry Wealth Group LP’s portfolio, making the stock its 4th largest holding. Berry Wealth Group LP’s holdings in Microsoft were worth $7,776,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB boosted its position in shares of Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after buying an additional 49,735 shares during the period. Rappaport Reiches Capital Management LLC grew its holdings in shares of Microsoft by 2.5% during the third quarter. Rappaport Reiches Capital Management LLC now owns 9,723 shares of the software giant’s stock valued at $4,184,000 after buying an additional 238 shares in the last quarter. Finally, Worth Asset Management LLC raised its position in Microsoft by 8.0% during the third quarter. Worth Asset Management LLC now owns 4,219 shares of the software giant’s stock valued at $1,815,000 after buying an additional 312 shares during the period. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MSFT. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. UBS Group decreased their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Morgan Stanley dropped their price objective 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. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Price Performance

Microsoft stock opened at $390.58 on Friday. The stock has a fifty day moving average of $406.52 and a 200-day moving average of $419.25. The stock has a market capitalization of $2.90 trillion, a P/E ratio of 31.45, 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 quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 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 in the prior year, the business earned $2.93 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s payout ratio is presently 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.