Paul Damon & Associates Inc. Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Paul Damon & Associates Inc. decreased its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,702 shares of the software giant’s stock after selling 53 shares during the period. Microsoft makes up about 1.4% of Paul Damon & Associates Inc.’s portfolio, making the stock its 17th biggest holding. Paul Damon & Associates Inc.’s holdings in Microsoft were worth $2,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC raised its stake in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after buying an additional 150,053,637 shares during the last quarter. Norges Bank purchased a new position in shares of Microsoft during the 4th quarter valued at about $20,700,525,000. Aaron Wealth Advisors LLC raised its stake in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares during the last quarter. Morgan Stanley raised its stake in shares of Microsoft by 14.0% during the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after buying an additional 14,652,150 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Microsoft by 348.6% during the 2nd quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock valued at $894,426,000 after buying an additional 9,324,182 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $397.58 on Thursday. The business has a 50-day moving average of $380.87 and a 200 day moving average of $351.20. Microsoft Co. has a 12 month low of $242.95 and a 12 month high of $415.32. The stock has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 2.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.64.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The company had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the business posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 11.15 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 29.04%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSFT. Raymond James lifted their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday. Mizuho raised their target price on Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Wedbush restated an “outperform” rating and set a $450.00 target price on shares of Microsoft in a research report on Monday. Rosenblatt Securities raised their target price on Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Barclays raised their target price on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $411.06.

Check Out Our Latest Research Report on Microsoft

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 24,681 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the transaction, the executive vice president now directly owns 183,761 shares in the company, valued at approximately $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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