1 week Ago By Defense World Staff
Elite Wealth Management Inc. reduced its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 2.
5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 317,346 shares of the software giant’s stock after selling 8,140 shares during the quarter. Microsoft accounts for 16.
5% of Elite Wealth Management Inc.’s holdings, making the stock its largest position. Elite Wealth Management Inc.
’s holdings in Microsoft were worth $133,761,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds have also bought and sold shares of the stock. Fiduciary Advisors Inc.
purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $38,000. IFS Advisors LLC raised its position in Microsoft by 53.8% during the fourth quarter.
IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management lifted its holdings in Microsoft by 144.4% during the fourth quarter.
Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter valued at about $62,000.
Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Microsoft from $515.00 to $500.
00 and set an “overweight” rating on the stock in a report on Monday, April 14th. UBS Group lowered their price target on Microsoft from $510.00 to $480.
00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Tigress Financial increased their price objective on Microsoft from $550.00 to $595.
00 and gave the company a “buy” rating in a research note on Thursday, March 20th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $425.00 to $450.
00 in a research note on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on shares of Microsoft from $530.00 to $472.
00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $493.
89. Microsoft Stock Performance Shares of MSFT stock opened at $391.85 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. The firm has a market cap of $2.91 trillion, a P/E ratio of 31.
55, a P/E/G ratio of 2.21 and a beta of 1.00.
The firm’s 50 day moving average price is $384.93 and its 200-day moving average price is $411.39.
Microsoft Co. has a one year low of $344.79 and a one year high of $468.
35. Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its quarterly 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 return on equity of 33.36% and a net margin of 35.43%.
During the same quarter in the previous year, the business earned $2.93 EPS. As a group, equities research analysts predict that Microsoft Co.
will post 13.08 EPS for the current year. Microsoft Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th.
Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th.
This represents a $3.32 annualized dividend and a dividend yield of 0.85%.
Microsoft’s dividend payout ratio (DPR) is 26.73%. Microsoft Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Microsoft How Investors Can Find the Best Cheap Dividend Stocks Markets Think Robinhood Earnings Could Send the Stock Up Breakout Stocks: What They Are and How to Identify Them Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? Where to Find Earnings Call Transcripts AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co.
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