Schnieders Capital Management LLC Has $46.53 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Schnieders Capital Management LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,380 shares of the software giant’s stock after selling 742 shares during the quarter. Microsoft accounts for approximately 9.2% of Schnieders Capital Management LLC’s investment portfolio, making the stock its biggest holding. Schnieders Capital Management LLC’s holdings in Microsoft were worth $46,525,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its stake in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management grew its holdings in shares of Microsoft by 0.7% in the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock valued at $6,789,000 after acquiring an additional 112 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Microsoft by 2.4% during the third 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 acquiring an additional 217,509 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MSFT. Evercore ISI upped their price objective on Microsoft from $435.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday. Benchmark restated a “buy” rating on shares of Microsoft in a report on Thursday. Mizuho increased their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Scotiabank raised their target price on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $507.77.

Microsoft Stock Up 2.3 %

MSFT stock opened at $435.28 on Friday. The company’s 50 day moving average is $384.93 and its 200 day moving average is $411.07. The stock has a market cap of $3.24 trillion, a price-to-earnings 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 1-year low of $344.79 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 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 firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 issued 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 of this dividend is Thursday, May 15th. 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.