Atlas Wealth Partners LLC Sells 178 Shares of Microsoft Co. (NASDAQ:MSFT)

Atlas Wealth Partners LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 6,437 shares of the software giant’s stock after selling 178 shares during the quarter. Microsoft accounts for about 3.4% of Atlas Wealth Partners LLC’s portfolio, making the stock its 6th largest position. Atlas Wealth Partners LLC’s holdings in Microsoft were worth $2,713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased 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 worth $113,399,000 after buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Microsoft by 2.0% in 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 acquired a new stake in Microsoft in the third quarter valued at $3,314,000. Finally, Evernest Financial Advisors LLC boosted its stake in Microsoft by 389.2% during the 3rd 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.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Westpark Capital assumed coverage on Microsoft in a research note on Tuesday, April 1st. They set a “hold” rating on the stock. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, UBS Group decreased their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $505.41.

Microsoft Stock Up 1.9 %

Shares of MSFT opened at $388.45 on Friday. Microsoft Co. has a 52 week low of $344.79 and a 52 week 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 capitalization of $2.89 trillion, a P/E ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a 50-day simple moving average of $391.89 and a 200-day simple moving average of $414.53.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

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.