Microsoft Co. (NASDAQ:MSFT) is Gitterman Wealth Management LLC’s 6th Largest Position

Gitterman Wealth Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,219 shares of the software giant’s stock after selling 616 shares during the quarter. Microsoft comprises 2.0% of Gitterman Wealth Management LLC’s holdings, making the stock its 6th largest position. Gitterman Wealth Management LLC’s holdings in Microsoft were worth $4,729,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC raised its stake in shares of Microsoft by 2.2% in the fourth 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 during the last quarter. Mcdaniel Terry & Co. raised 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 acquiring an additional 18,052 shares in the last quarter. Centric Wealth Management raised its position in Microsoft by 0.7% during 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 raised its position in Microsoft by 3.0% during 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 raised its position in 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 in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $454.86 on Friday. The stock’s fifty day moving average is $401.04 and its two-hundred day moving average is $413.59. The firm has a market capitalization of $3.38 trillion, a P/E ratio of 36.62, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released 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. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wedbush reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday. Cantor Fitzgerald lifted their price target on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, DA Davidson raised their price objective on Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $513.13.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,743 shares of company stock valued at $58,375,673. Insiders own 0.03% of the company’s stock.

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.