Microsoft Co. (NASDAQ:MSFT) is Deltec Asset Management LLC’s 3rd Largest Position

Deltec Asset Management LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,544 shares of the software giant’s stock after selling 804 shares during the period. Microsoft accounts for 5.7% of Deltec Asset Management LLC’s portfolio, making the stock its 3rd largest position. Deltec Asset Management LLC’s holdings in Microsoft were worth $28,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. BCK Partners Inc. boosted its stake in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC raised its holdings in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC boosted its position in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC grew its holdings in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the period. Finally, Riverstone Advisors LLC increased its position in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MSFT shares. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Finally, Jefferies Financial Group cut their price objective on Microsoft from $550.00 to $500.00 and set a “buy” rating for the company in a research note on Monday. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $508.86.

Microsoft Stock Up 1.8 %

Shares of NASDAQ MSFT opened at $382.19 on Wednesday. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35. The company has a market capitalization of $2.84 trillion, a P/E ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a 50 day simple moving average of $403.52 and a 200-day simple moving average of $418.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 prior year, the company earned $2.93 EPS. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. Microsoft’s payout ratio is currently 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.