Sitrin Capital Management LLC Has $7.06 Million Position in Microsoft Co. (NASDAQ:MSFT)

Sitrin Capital Management LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,752 shares of the software giant’s stock after selling 410 shares during the period. Microsoft accounts for 3.6% of Sitrin Capital Management LLC’s holdings, making the stock its 10th biggest position. Sitrin Capital Management LLC’s holdings in Microsoft were worth $7,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC lifted its stake 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 grew its holdings in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 2.3 %

NASDAQ MSFT opened at $435.28 on Friday. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The business has a fifty day moving average price of $384.93 and a two-hundred day moving average price of $411.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $3.24 trillion, a PE ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $68.54 billion. During the same quarter last year, the business posted $2.94 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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 issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Wells Fargo & Company lifted their target price on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $507.77.

Microsoft 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.