1 week Ago By ABMN Staff
Red Wave Investments LLC trimmed its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 8,278 shares of the software giant’s stock after selling 943 shares during the quarter. Microsoft accounts for about 1.2% of Red Wave Investments LLC’s portfolio, making the stock its 21st largest position.
Red Wave Investments LLC’s holdings in Microsoft were worth $3,489,000 at the end of the most recent quarter. Other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc.
bought a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its holdings in shares of 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 acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the fourth quarter.
Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter worth $62,000.
Finally, Kieckhefer Group LLC purchased a new stake in Microsoft in the 4th quarter valued at about $141,000. 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 business has a 50-day moving average of $384.93 and a 200-day moving average of $411.39.
The firm 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 company has a current ratio of 1.
35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.
Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.
35. Microsoft Announces Dividend The company 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 dividend of $0.
83 per share. This represents a $3.32 annualized dividend and a yield of 0.
85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.
73%. Wall Street Analysts Forecast Growth Several equities research analysts have recently issued reports on MSFT shares. BMO Capital Markets decreased their target price on Microsoft from $490.
00 to $470.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Bank of America decreased their target price on Microsoft from $510.
00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Wednesday.
Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th.
Finally, Barclays lowered their price objective on Microsoft from $475.00 to $430.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st.
Five research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.
89. Get Our Latest Research Report 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.
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