Microsoft Co. (NASDAQ:MSFT) Shares Sold by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,691 shares of the software giant’s stock after selling 873 shares during the quarter. Microsoft accounts for approximately 4.8% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 2nd largest holding. WESPAC Advisors SoCal LLC’s holdings in Microsoft were worth $21,366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC grew its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft in the 4th quarter worth about $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Microsoft stock opened at $378.80 on Monday. The firm has a market capitalization of $2.82 trillion, a PE ratio of 30.50, 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 stock’s 50 day moving average price is $405.52 and its 200 day moving average price is $419.10. 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 (NASDAQ:MSFT) last posted 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 quarter in the previous year, the company earned $2.93 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced 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 is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSFT. Mizuho cut their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

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.