Microsoft Co. (NASDAQ:MSFT) Position Cut by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,772 shares of the software giant’s stock after selling 620 shares during the period. Microsoft accounts for about 3.6% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 6th biggest position. Meadow Creek Wealth Advisors LLC’s holdings in Microsoft were worth $4,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Onyx Bridge Wealth Group LLC grew its stake in shares of Microsoft by 1.1% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 14,935 shares of the software giant’s stock worth $6,295,000 after purchasing an additional 161 shares during the period. Inman Jager Wealth Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $19,722,000. Summit Wealth Partners LLC boosted its position in Microsoft by 13.5% during the fourth quarter. Summit Wealth Partners LLC now owns 6,774 shares of the software giant’s stock worth $2,855,000 after acquiring an additional 804 shares during the last quarter. Absher Wealth Management LLC increased its stake in Microsoft by 1.5% in the fourth quarter. Absher Wealth Management LLC now owns 88,813 shares of the software giant’s stock valued at $37,435,000 after purchasing an additional 1,275 shares during the last quarter. Finally, LCM Capital Management Inc lifted its holdings in shares of Microsoft by 1.0% during the 4th quarter. LCM Capital Management Inc now owns 20,725 shares of the software giant’s stock worth $8,736,000 after acquiring an additional 197 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $382.14 on Thursday. The business’s 50-day moving average price is $402.24 and its two-hundred day moving average price is $418.11. The stock has a market cap of $2.84 trillion, a P/E ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $2.93 EPS. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MSFT shares. UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $508.86.

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.