Microsoft Co. (NASDAQ:MSFT) is New Millennium Group LLC’s Largest Position

New Millennium Group LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,040 shares of the software giant’s stock after selling 1,486 shares during the quarter. Microsoft makes up about 11.3% of New Millennium Group LLC’s holdings, making the stock its largest position. New Millennium Group LLC’s holdings in Microsoft were worth $19,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft in the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC raised its position in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the period. Campbell Wealth Management purchased a new position in Microsoft during the 3rd quarter worth $3,314,000. Finally, Evernest Financial Advisors LLC increased its stake in Microsoft by 389.2% in the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after purchasing an additional 42,778 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MSFT shares. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Scotiabank initiated coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price on the stock. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Performance

NASDAQ:MSFT opened at $395.16 on Wednesday. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company has a market capitalization of $2.94 trillion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $407.93 and a two-hundred day moving average price of $419.53.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $2.93 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. Microsoft’s dividend payout ratio is currently 26.73%.

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.