1 week Ago By ABMN Staff
Peregrine Asset Advisers Inc. cut its position in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 6.
0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,438 shares of the software giant’s stock after selling 1,564 shares during the period. Microsoft accounts for approximately 3.
8% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 2nd biggest holding. Peregrine Asset Advisers Inc.
’s holdings in Microsoft were worth $10,301,000 at the end of the most recent reporting period. A number of other institutional investors have also added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.
2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the period. Oak Ridge Investments LLC increased its stake in Microsoft by 7.
6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Mcdaniel Terry & Co.
raised its holdings in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co.
now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Focus Financial Network Inc. lifted its stake in shares of Microsoft by 2.
0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter.
Finally, Campbell Wealth Management acquired a new position in shares of Microsoft during the third quarter valued at about $3,314,000. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Performance Shares of MSFT stock opened at $391.85 on Friday. Microsoft Co.
has a 12 month low of $344.79 and a 12 month high of $468.35.
The stock has a market capitalization of $2.91 trillion, a P/E ratio of 31.55, a PEG ratio of 2.
21 and a beta of 1.00. The company has a current ratio of 1.
35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.
The firm’s 50 day moving average is $384.93 and its 200 day moving average is $411.39.
Microsoft Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share.
This represents a $3.32 annualized dividend and a dividend yield of 0.85%.
The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.
Analysts Set New Price Targets A number of research firms recently weighed in on MSFT. Stifel Nicolaus lowered their target price on shares of Microsoft from $515.00 to $475.
00 and set a “buy” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group reissued a “buy” rating and issued a $475.00 price objective (down from $500.
00) on shares of Microsoft in a research note on Monday, April 7th. Wedbush cut their target price on Microsoft from $550.00 to $475.
00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Bank of America lowered their price target on Microsoft from $510.00 to $480.
00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Tigress Financial raised 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. Five research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.
com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $493.89. Read Our Latest Stock Report on MSFT Microsoft Company 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. 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.
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