Microsoft Co. (NASDAQ:MSFT) is Catalina Capital Group LLC’s 3rd Largest Position

Catalina Capital Group LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,047 shares of the software giant’s stock after purchasing an additional 1,100 shares during the quarter. Microsoft makes up about 4.4% of Catalina Capital Group LLC’s holdings, making the stock its 3rd largest position. Catalina Capital Group LLC’s holdings in Microsoft were worth $13,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Net Worth Advisory Group purchased a new stake in Microsoft in the third quarter valued at approximately $2,645,000. Adamsbrown Wealth Consultants LLC increased its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the period. Oak Ridge Investments LLC raised its position in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the period. Finally, Campbell Wealth Management purchased a new position in Microsoft during the 3rd quarter worth $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 3.0 %

Shares of Microsoft stock opened at $378.80 on Friday. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50 day moving average price of $405.52 and a 200 day moving average price of $419.06. The company has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $2.93 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 issued 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 0.88%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSFT shares. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Finally, Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $510.59.

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.