1 week Ago By ABMN Staff
Kennon Green & Company LLC reduced its position in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 6,719 shares of the software giant’s stock after selling 202 shares during the quarter. Microsoft comprises approximately 2.4% of Kennon Green & Company LLC’s investment portfolio, making the stock its 14th largest position.
Kennon Green & Company LLC’s holdings in Microsoft were worth $2,832,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Variant Private Wealth LLC purchased a new stake in shares of Microsoft during the fourth quarter worth $6,286,000.
Bell Bank raised its holdings in Microsoft by 2.9% in the 4th quarter. Bell Bank now owns 35,291 shares of the software giant’s stock valued at $14,875,000 after acquiring an additional 1,007 shares during the last quarter.
LifeSteps Financial Inc. boosted its holdings in shares of Microsoft by 3.2% during the 4th quarter.
LifeSteps Financial Inc. now owns 14,174 shares of the software giant’s stock worth $5,974,000 after purchasing an additional 436 shares during the last quarter. Dividend Assets Capital LLC increased its holdings in shares of Microsoft by 2.
2% in the fourth quarter. Dividend Assets Capital LLC now owns 79,311 shares of the software giant’s stock valued at $33,430,000 after purchasing an additional 1,710 shares during the last quarter. Finally, PMG Wealth Management Inc.
purchased a new position in Microsoft during the fourth quarter worth approximately $3,675,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Up 1.2 % Shares of NASDAQ MSFT opened at $391.85 on Friday.
The stock has a market cap of $2.91 trillion, a P/E ratio of 31.55, a PEG ratio of 2.
21 and a beta of 1.00. The business’s fifty day simple moving average is $384.
93 and its 200-day simple moving average is $411.39. Microsoft Co.
has a 12-month low of $344.79 and a 12-month high of $468.35.
The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.
13. Microsoft Dividend Announcement 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 paid a dividend of $0.
83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.
32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s payout ratio is currently 26.
73%. Analyst Upgrades and Downgrades Several analysts have issued reports on MSFT shares. Mizuho dropped their target price on Microsoft from $510.
00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Microsoft from $515.
00 to $500.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. UBS Group decreased their target price on shares of Microsoft from $510.
00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. BMO Capital Markets cut their price target on shares of Microsoft from $490.
00 to $470.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.
00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average target price of $493.89. Read Our Latest Stock Analysis on MSFT 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. See Also 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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