Microsoft Co. (NASDAQ:MSFT) is Western Pacific Wealth Management LP’s 6th Largest Position

Western Pacific Wealth Management LP reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,889 shares of the software giant’s stock after selling 438 shares during the period. Microsoft accounts for 4.4% of Western Pacific Wealth Management LP’s portfolio, making the stock its 6th biggest holding. Western Pacific Wealth Management LP’s holdings in Microsoft were worth $5,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. McAdam LLC boosted its holdings in Microsoft by 10.0% in the 4th quarter. McAdam LLC now owns 17,898 shares of the software giant’s stock worth $7,544,000 after buying an additional 1,625 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in shares of Microsoft by 2.1% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 18,828 shares of the software giant’s stock worth $7,999,000 after acquiring an additional 379 shares during the period. Pacific Sage Partners LLC grew its position in shares of Microsoft by 6.5% during the fourth quarter. Pacific Sage Partners LLC now owns 196,033 shares of the software giant’s stock worth $82,628,000 after purchasing an additional 11,952 shares in the last quarter. Round Rock Advisors LLC raised its stake in Microsoft by 0.7% during the 4th quarter. Round Rock Advisors LLC now owns 36,676 shares of the software giant’s stock valued at $15,459,000 after purchasing an additional 250 shares during the period. Finally, Sutton Place Investors LLC lifted its holdings in Microsoft by 4.9% in the 4th quarter. Sutton Place Investors LLC now owns 7,822 shares of the software giant’s stock worth $3,297,000 after purchasing an additional 368 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target on the stock. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Finally, Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Trading Up 0.2 %

NASDAQ MSFT opened at $390.58 on Friday. The company has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company’s 50-day simple moving average is $406.52 and its two-hundred day simple moving average is $419.25.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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. The ex-dividend date of this dividend 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 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.