2 weeks Ago By ABMN Staff
Baillie Gifford & Co. boosted its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 4.
6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,371,795 shares of the software giant’s stock after purchasing an additional 323,551 shares during the period. Microsoft makes up approximately 2.
4% of Baillie Gifford & Co.’s holdings, making the stock its 13th biggest position. Baillie Gifford & Co.
’s holdings in Microsoft were worth $3,107,212,000 as of its most recent SEC filing. Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc.
purchased a new position in shares of Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the 4th quarter.
IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management grew its position in Microsoft by 144.4% during the 4th quarter.
Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the 3rd quarter valued at $62,000.
Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft in the fourth quarter worth approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Wall Street Analyst Weigh In A number of equities analysts have recently weighed in on MSFT shares. UBS Group dropped their price target on shares of Microsoft from $510.00 to $480.
00 and set a “buy” rating on the stock in a research note on Monday, April 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $500.
00 price target on shares of Microsoft in a report on Thursday, January 30th. Mizuho lowered their price target on Microsoft from $510.00 to $500.
00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Bank of America cut their price objective on shares of Microsoft from $510.00 to $480.
00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $499.
97. Microsoft Trading Down 1.0 % Shares of MSFT opened at $367.
78 on Friday. Microsoft Co. has a 12-month low of $344.
79 and a 12-month high of $468.35. The firm has a market capitalization of $2.
73 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.
00. The stock’s 50-day moving average price is $388.25 and its 200 day moving average price is $412.
73. 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 – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th.
The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $2.93 EPS.
As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.90%.
The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.
About Microsoft ( 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. See Also Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.
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