Litman Gregory Wealth Management LLC Sells 1,830 Shares of Microsoft Co. (NASDAQ:MSFT)

Litman Gregory Wealth Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,058 shares of the software giant’s stock after selling 1,830 shares during the period. Microsoft accounts for 1.5% of Litman Gregory Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Litman Gregory Wealth Management LLC’s holdings in Microsoft were worth $17,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in MSFT. Net Worth Advisory Group acquired a new position in shares of Microsoft during the 3rd quarter worth approximately $2,645,000. Oak Ridge Investments LLC grew its stake in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. Campbell Wealth Management bought a new stake in Microsoft during the third quarter worth $3,314,000. Finally, Evernest Financial Advisors LLC lifted 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 acquiring an additional 42,778 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Price Performance

Microsoft stock opened at $395.16 on Wednesday. The stock’s fifty day moving average price is $407.93 and its two-hundred day moving average price is $419.53. The firm has a market cap of $2.94 trillion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the company earned $2.93 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 15th. 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.