Microsoft Co. (NASDAQ:MSFT) Shares Sold by Satovsky Asset Management LLC

Satovsky Asset Management LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,156 shares of the software giant’s stock after selling 933 shares during the quarter. Microsoft comprises 1.0% of Satovsky Asset Management LLC’s portfolio, making the stock its 13th largest position. Satovsky Asset Management LLC’s holdings in Microsoft were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC lifted its position 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 valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $141,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several analyst reports. 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 report on Wednesday, April 16th. Stifel Nicolaus decreased their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Scotiabank began coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $494.80.

Microsoft Price Performance

MSFT opened at $374.58 on Thursday. The firm has a market capitalization of $2.78 trillion, a P/E ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00. The stock has a fifty day moving average of $385.70 and a 200-day moving average of $411.70. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the firm posted $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.89%. Microsoft’s dividend payout ratio is presently 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.