Beacon Harbor Wealth Advisors Inc. Sells 70 Shares of Microsoft Co. (NASDAQ:MSFT)

Beacon Harbor Wealth Advisors Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,982 shares of the software giant’s stock after selling 70 shares during the quarter. Beacon Harbor Wealth Advisors Inc.’s holdings in Microsoft were worth $835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB lifted its position in shares of Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after purchasing an additional 49,735 shares in the last quarter. Discipline Wealth Solutions LLC boosted its holdings in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Swedbank AB grew its position in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Microsoft stock opened at $359.84 on Friday. 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 Co. has a 52 week low of $359.48 and a 52 week high of $468.35. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The stock has a fifty day moving average of $399.08 and a 200-day moving average of $417.30.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.93 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.92%. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Westpark Capital initiated coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $508.86.

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.