Advanced Asset Management Advisors Inc Sells 81 Shares of Microsoft Co. (NASDAQ:MSFT)

Advanced Asset Management Advisors Inc trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,045 shares of the software giant’s stock after selling 81 shares during the quarter. Microsoft makes up approximately 3.8% of Advanced Asset Management Advisors Inc’s investment portfolio, making the stock its 3rd largest position. Advanced Asset Management Advisors Inc’s holdings in Microsoft were worth $14,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BCK Partners Inc. lifted its position in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC boosted its position in shares of Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the last quarter. Sequent Asset Management LLC increased its holdings in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the last quarter. Cypress Point Wealth Management LLC boosted its holdings in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC raised its position in shares of Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Bank of America reduced 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. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $499.97.

Microsoft Stock Down 1.0 %

MSFT stock opened at $367.78 on Monday. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The business has a 50-day simple moving average of $388.25 and a 200 day simple moving average of $412.70. 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 cap of $2.73 trillion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm posted $2.93 EPS. Sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

About Microsoft

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.