Oxler Private Wealth LLC Sells 48 Shares of Microsoft Co. (NASDAQ:MSFT)

Oxler Private Wealth LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,423 shares of the software giant’s stock after selling 48 shares during the quarter. Microsoft comprises about 4.4% of Oxler Private Wealth LLC’s holdings, making the stock its 6th biggest position. Oxler Private Wealth LLC’s holdings in Microsoft were worth $13,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Austin Private Wealth LLC lifted its stake in shares of Microsoft by 8.2% in the 4th quarter. Austin Private Wealth LLC now owns 23,957 shares of the software giant’s stock worth $10,098,000 after acquiring an additional 1,810 shares during the period. Turtle Creek Wealth Advisors LLC raised its holdings in Microsoft by 15.0% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 35,995 shares of the software giant’s stock worth $15,172,000 after purchasing an additional 4,684 shares in the last quarter. Southern Capital Advisors LLC lifted its position in Microsoft by 3.5% in the fourth quarter. Southern Capital Advisors LLC now owns 8,725 shares of the software giant’s stock worth $3,678,000 after purchasing an additional 293 shares during the period. TCI Wealth Advisors Inc. boosted its stake in Microsoft by 0.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 34,896 shares of the software giant’s stock valued at $14,709,000 after purchasing an additional 309 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC increased its position in shares of Microsoft by 0.7% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 55,355 shares of the software giant’s stock valued at $23,332,000 after purchasing an additional 368 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Mizuho cut their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Up 0.5 %

Microsoft stock 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 debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $2.94 trillion, a PE ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 0.92. The firm’s 50 day moving average price is $407.93 and its two-hundred day moving average price is $419.53.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 period in the prior year, the firm earned $2.93 EPS. On average, research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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 paid 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.