Microsoft Co. (NASDAQ:MSFT) Stock Holdings Cut by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,358 shares of the software giant’s stock after selling 54 shares during the period. Microsoft comprises 2.9% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 7th largest holding. Cobblestone Capital Advisors LLC NY’s holdings in Microsoft were worth $52,417,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MSFT. Muirfield Wealth Advisors LLC boosted its holdings in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its holdings in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after buying an additional 24 shares during the period. Sequent Asset Management LLC lifted its holdings in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares during the period. Cypress Point Wealth Management LLC boosted its stake in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC grew its holdings in Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

Microsoft stock opened at $436.17 on Tuesday. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a 50 day moving average price of $385.66 and a 200 day moving average price of $411.17. The company has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.12, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.94 EPS. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current 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 issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Wall Street Analyst Weigh In

Several brokerages have commented on MSFT. Morgan Stanley boosted their target price on shares of Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Cantor Fitzgerald boosted their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Stifel Nicolaus increased their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. UBS Group reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Jefferies Financial Group upped their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $507.77.

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.