1 week Ago By ABMN Staff
Navellier & Associates Inc. trimmed its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 35.
5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,706 shares of the software giant’s stock after selling 11,395 shares during the period. Microsoft accounts for about 1.
0% of Navellier & Associates Inc.’s investment portfolio, making the stock its 19th largest position. Navellier & Associates Inc.
’s holdings in Microsoft were worth $8,728,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Advisors Inc.
acquired a new position in shares of Microsoft during the fourth quarter valued at about $38,000. IFS Advisors LLC boosted its position in Microsoft by 53.8% in the fourth 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 raised its position in Microsoft by 144.4% in the 4th quarter.
Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter valued at about $62,000.
Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the 4th quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance NASDAQ MSFT opened at $391.85 on Friday. Microsoft Co.
has a twelve month low of $344.79 and a twelve month high of $468.35.
The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.
13. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.
55, a PEG ratio of 2.21 and a beta of 1.00.
The stock has a fifty day simple moving average of $384.93 and a 200 day simple moving average of $411.39.
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 issued a $0.83 dividend.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%.
The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.
Analyst Upgrades and Downgrades A number of equities analysts have issued reports on MSFT shares. Wells Fargo & Company reduced their price objective on shares of Microsoft from $515.00 to $500.
00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Piper Sandler reduced their target price on shares of Microsoft from $520.00 to $435.
00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America cut their target price on shares of Microsoft from $510.00 to $480.
00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th.
Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company.
According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $493.89.
Read Our Latest Report on Microsoft 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. Featured Articles 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. ( NASDAQ:MSFT – Free Report ). Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.
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