Microsoft Co. (NASDAQ:MSFT) Position Lessened by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,330 shares of the software giant’s stock after selling 2,066 shares during the quarter. Microsoft comprises about 3.8% of M. Kulyk & Associates LLC’s holdings, making the stock its 5th largest position. M. Kulyk & Associates LLC’s holdings in Microsoft were worth $17,421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farrow Financial Inc. raised its holdings in shares of Microsoft by 1.8% in the 4th quarter. Farrow Financial Inc. now owns 7,804 shares of the software giant’s stock valued at $3,315,000 after acquiring an additional 135 shares in the last quarter. Miramar Capital LLC grew its stake in Microsoft by 0.7% in the 4th quarter. Miramar Capital LLC now owns 54,205 shares of the software giant’s stock worth $22,848,000 after buying an additional 368 shares in the last quarter. Argentarii LLC bought a new position in shares of Microsoft in the 4th quarter worth $12,728,000. Garrison Bradford & Associates Inc. raised its position in shares of Microsoft by 4.4% during the 4th quarter. Garrison Bradford & Associates Inc. now owns 18,649 shares of the software giant’s stock valued at $7,861,000 after buying an additional 781 shares in the last quarter. Finally, Jackson Hole Capital Partners LLC lifted its holdings in shares of Microsoft by 3.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 40,852 shares of the software giant’s stock worth $17,219,000 after acquiring an additional 1,265 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Bank of America reduced their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley upped their price objective on Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Stifel Nicolaus raised their price objective on Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. DA Davidson boosted their target price on Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Raymond James increased their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.16.

Microsoft Stock Up 0.0%

Shares of Microsoft stock opened at $453.13 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a market cap of $3.37 trillion, a P/E ratio of 36.48, a PEG ratio of 2.21 and a beta of 0.99. The company’s fifty day simple moving average is $393.86 and its two-hundred day simple moving average is $412.42.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the previous year, the company earned $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced 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. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 25.66%.

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.