Cable Hill Partners LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Cable Hill Partners LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,048 shares of the software giant’s stock after selling 245 shares during the quarter. Microsoft makes up 0.9% of Cable Hill Partners LLC’s investment portfolio, making the stock its 14th largest position. Cable Hill Partners LLC’s holdings in Microsoft were worth $9,293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. lifted its position in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Centric Wealth Management grew its stake in Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after buying an additional 112 shares in the last quarter. 1900 Wealth Management LLC increased its holdings in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Microsoft by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock valued at $3,980,299,000 after buying an additional 217,509 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $435.28 on Friday. The company’s fifty day moving average price is $384.93 and its 200-day moving average price is $411.07. The stock has a market cap of $3.24 trillion, a PE ratio of 35.05, 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. 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, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping 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 business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. On average, equities analysts expect 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. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSFT. Benchmark restated a “buy” rating on shares of Microsoft in a research report on Thursday. Cantor Fitzgerald upped their target price on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Microsoft from $470.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research note on Thursday. Finally, TD Securities raised their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.