2 weeks Ago By ABMN Staff
Catalina Capital Group LLC raised its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 3.6% in the 4th quarter, HoldingsChannel.
com reports. The firm owned 32,047 shares of the software giant’s stock after purchasing an additional 1,100 shares during the quarter. Microsoft comprises 4.
4% of Catalina Capital Group LLC’s portfolio, making the stock its 3rd largest position. Catalina Capital Group LLC’s holdings in Microsoft were worth $13,508,000 as of its most recent filing with the SEC. Other large investors also recently bought and sold shares of the company.
BCK Partners Inc. raised its position in shares of Microsoft by 1.8% during the 3rd quarter.
BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC raised its stake in Microsoft by 1.
3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after acquiring an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC boosted its position in Microsoft by 0.
8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after acquiring an additional 25 shares during the period. Riverstone Advisors LLC grew its stake in shares of Microsoft by 0.
6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after purchasing an additional 25 shares in the last quarter. Finally, Boulder Wealth Advisors LLC increased its holdings in shares of Microsoft by 1.
0% during the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock valued at $1,106,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 71.
13% of the company’s stock. Analysts Set New Price Targets A number of equities analysts recently issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and issued a $550.
00 target price on shares of Microsoft in a research report on Thursday, March 20th. Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.
00 and gave the company a “buy” rating in a report on Monday, December 23rd. Mizuho dropped their target price on Microsoft from $510.00 to $500.
00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th.
Finally, Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective on the stock.
Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.
Microsoft Price Performance Shares of MSFT opened at $378.80 on Friday. The company has a debt-to-equity ratio of 0.
13, a current ratio of 1.35 and a quick ratio of 1.34.
The company has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 2.
21 and a beta of 0.92. The business’s 50-day moving average is $405.
52 and its 200-day moving average is $419.06. Microsoft Co.
has a fifty-two week low of $376.91 and a fifty-two week high of $468.35.
Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.
15 by $0.08. Microsoft had a net margin of 35.
43% and a return on equity of 33.36%. During the same period last year, the firm posted $2.
93 EPS. Equities research analysts expect that Microsoft Co. will post 13.
08 EPS for the current fiscal year. Microsoft Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.
83 dividend. This represents a $3.32 annualized dividend and a yield of 0.
88%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 26.
73%. About Microsoft ( 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.
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