Elk River Wealth Management LLC Sells 466 Shares of Microsoft Co. (NASDAQ:MSFT)

Elk River Wealth Management LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,632 shares of the software giant’s stock after selling 466 shares during the period. Microsoft makes up about 4.0% of Elk River Wealth Management LLC’s holdings, making the stock its 7th biggest position. Elk River Wealth Management LLC’s holdings in Microsoft were worth $22,184,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 53.8% during the fourth 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 period. Avondale Wealth Management boosted its position in shares of 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 in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft in the 4th quarter valued at about $141,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on MSFT shares. Morgan Stanley reduced their price objective on Microsoft from $530.00 to $472.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Barclays reduced their price target on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research report on Monday. Westpark Capital started coverage on shares of Microsoft in a report on Tuesday, April 1st. They set a “hold” rating on the stock. Bank of America reduced their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Wedbush decreased their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $494.80.

Microsoft Stock Performance

Shares of MSFT stock opened at $374.58 on Thursday. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm’s 50-day simple moving average is $385.70 and its two-hundred day simple moving average is $411.70. The firm has a market cap of $2.78 trillion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 posted $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. Microsoft’s payout ratio is 26.73%.

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.