Morton Capital Management LLC CA Has $17.47 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Morton Capital Management LLC CA cut its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,438 shares of the software giant’s stock after selling 353 shares during the quarter. Microsoft comprises 3.3% of Morton Capital Management LLC CA’s holdings, making the stock its 8th biggest position. Morton Capital Management LLC CA’s holdings in Microsoft were worth $17,466,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. Quarry LP bought a new position in Microsoft in the 2nd quarter valued at about $45,000. IFS Advisors LLC grew its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. DA Davidson reiterated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the transaction, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at $23,203,211.24. This represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 7,000 shares of company stock valued at $3,070,340. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.8 %

NASDAQ:MSFT opened at $392.53 on Friday. The stock’s 50-day moving average is $421.47 and its two-hundred day moving average is $422.79. 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 stock has a market cap of $2.92 trillion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the firm earned $2.93 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is 26.73%.

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.