Microsoft Co. (NASDAQ:MSFT) is MTM Investment Management LLC’s 4th Largest Position

MTM Investment Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,700 shares of the software giant’s stock after selling 320 shares during the period. Microsoft makes up about 3.0% of MTM Investment Management LLC’s portfolio, making the stock its 4th largest holding. MTM Investment Management LLC’s holdings in Microsoft were worth $7,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC raised its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its stake 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 during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the third quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $388.45 on Monday. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00. 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 Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm’s 50 day moving average is $391.89 and its two-hundred day moving average is $414.41.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $2.93 earnings per share. Research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 given 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 26.73%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Westpark Capital started coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $505.41.

Microsoft Company Profile

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.