TruNorth Capital Management LLC Lowers Stock Position in Microsoft Co. (NASDAQ:MSFT)

TruNorth Capital Management LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,184 shares of the software giant’s stock after selling 220 shares during the quarter. Microsoft makes up about 17.4% of TruNorth Capital Management LLC’s holdings, making the stock its 26th biggest position. TruNorth Capital Management LLC’s holdings in Microsoft were worth $1,342,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its stake in shares of 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 purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its stake in shares of 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 purchasing an additional 2,138 shares during the period. Swedbank AB boosted its holdings in shares of 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 buying an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC increased its holdings in Microsoft by 1.4% during the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock worth $3,334,000 after buying an additional 109 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Microsoft from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group reissued a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Mizuho lowered their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Barclays dropped their price objective on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $493.89.

Microsoft Stock Up 0.3 %

MSFT stock opened at $395.26 on Thursday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $383.76 and its 200 day moving average is $410.91.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter last year, the company posted $2.94 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given 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 0.84%. Microsoft’s dividend payout ratio (DPR) is presently 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.