Livforsakringsbolaget Skandia Omsesidigt Has $116.65 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 276,892 shares of the software giant’s stock after selling 1,500 shares during the period. Microsoft accounts for 6.2% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 3rd biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Microsoft were worth $116,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after buying an additional 652,493 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after acquiring an additional 406,940 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, Jefferies Financial Group cut their target price on Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $359.84 on Friday. Microsoft Co. has a fifty-two week low of $359.48 and a fifty-two week high of $468.35. The company’s 50-day moving average is $399.08 and its 200 day moving average is $417.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 prior year, the company posted $2.93 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.92%. Microsoft’s payout ratio is 26.73%.

Microsoft Company 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.