Mathes Company Inc. Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Mathes Company Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,426 shares of the software giant’s stock after selling 313 shares during the quarter. Microsoft accounts for approximately 2.4% of Mathes Company Inc.’s portfolio, making the stock its 11th largest holding. Mathes Company Inc.’s holdings in Microsoft were worth $6,502,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at approximately $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft during the 4th quarter worth about $141,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Westpark Capital assumed coverage on Microsoft in a report on Tuesday, April 1st. They set a “hold” rating for the company. Bank of America lowered their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $499.97.

Microsoft Trading Down 1.0 %

NASDAQ:MSFT opened at $367.78 on Monday. The company has a 50 day simple moving average of $388.25 and a two-hundred day simple moving average of $412.70. The company has a market cap of $2.73 trillion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm posted $2.93 EPS. Research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, May 15th. 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.