Fairhaven Wealth Management LLC Sells 27 Shares of Microsoft Co. (NASDAQ:MSFT)

Fairhaven Wealth Management LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,849 shares of the software giant’s stock after selling 27 shares during the period. Microsoft makes up 2.6% of Fairhaven Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Fairhaven Wealth Management LLC’s holdings in Microsoft were worth $8,366,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MSFT. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its position in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares in the last quarter. Swedbank AB boosted its holdings in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after acquiring an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC grew its position in Microsoft by 1.4% in the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock valued at $3,334,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Bank of America reduced their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets dropped their price objective on Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and twenty-six 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 $493.89.

Microsoft Trading Up 0.3 %

NASDAQ:MSFT opened at $395.26 on Thursday. The firm has a market capitalization of $2.94 trillion, a P/E ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 1.00. The business has a 50 day simple moving average of $383.76 and a 200 day simple moving average of $410.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. 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 results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current 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 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 dividend yield of 0.84%. Microsoft’s payout ratio is currently 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.