Microsoft Co. (NASDAQ:MSFT) is Elk River Wealth Management LLC’s 7th Largest Position

Elk River Wealth Management LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,632 shares of the software giant’s stock after selling 466 shares during the period. Microsoft accounts for approximately 4.0% of Elk River Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Elk River Wealth Management LLC’s holdings in Microsoft were worth $22,184,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its holdings in Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC grew 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. Baillie Gifford & Co. increased its holdings in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in Microsoft by 43,900.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock valued at $860,913,000 after buying an additional 2,037,857 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research analyst reports. BMO Capital Markets decreased their target price on Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Wedbush lowered their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Barclays cut their price target on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $494.80.

Microsoft Trading Up 2.1 %

Shares of MSFT opened at $374.58 on Thursday. The stock has a market capitalization of $2.78 trillion, a P/E ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. 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 firm has a fifty day simple moving average of $385.70 and a two-hundred day simple moving average of $411.70.

Microsoft (NASDAQ:MSFT) last posted its earnings results 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 last year, the company earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

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 paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. Microsoft’s dividend payout ratio (DPR) is presently 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.