2 weeks Ago By ABMN Staff
Advocate Group LLC lowered its holdings in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 4.2% in the fourth quarter, HoldingsChannel reports.
The firm owned 25,266 shares of the software giant’s stock after selling 1,099 shares during the period. Microsoft comprises about 2.0% of Advocate Group LLC’s portfolio, making the stock its 9th largest holding.
Advocate Group LLC’s holdings in Microsoft were worth $10,650,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Christopher J.
Hasenberg Inc raised its stake in Microsoft by 35.7% during the third quarter. Christopher J.
Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC raised its stake in Microsoft by 53.8% during 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 in the last quarter. Quarry LP acquired a new stake in Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management raised its stake in Microsoft by 144.
4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc.
acquired a new stake in Microsoft during the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Performance MSFT opened at $388.56 on Friday. The firm has a market cap of $2.
89 trillion, a PE ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.
92. The company has a quick ratio of 1.34, a current ratio of 1.
35 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $412.
43 and a 200-day simple moving average of $420.55. Microsoft Co.
has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.
Microsoft Announces Dividend The firm also recently announced 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 of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.
85%. Microsoft’s payout ratio is currently 26.73%.
Wall Street Analyst Weigh In Several analysts have issued reports on the company. Loop Capital upped their price objective on Microsoft from $500.00 to $550.
00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th.
Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th.
Finally, Morgan Stanley dropped their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th.
Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $510.43.
View Our Latest Analysis on MSFT Microsoft Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.
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