Microsoft Co. (NASDAQ:MSFT) Shares Sold by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,521 shares of the software giant’s stock after selling 90 shares during the quarter. Microsoft makes up approximately 4.2% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Flynn Zito Capital Management LLC’s holdings in Microsoft were worth $9,071,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management boosted its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft in the 4th quarter valued at $141,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MSFT. TD Securities upped their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. BMO Capital Markets raised their price objective on shares of Microsoft from $470.00 to $485.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $507.77.

Microsoft Stock Performance

Microsoft stock opened at $435.28 on Friday. The stock has a market cap of $3.24 trillion, a PE ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00. 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. The business’s 50-day moving average price is $384.93 and its two-hundred day moving average price is $411.07.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the prior year, the company earned $2.94 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, 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. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is 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.