Marco Investment Management LLC Has $33.98 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Marco Investment Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 80,605 shares of the software giant’s stock after acquiring an additional 410 shares during the period. Microsoft makes up approximately 2.9% of Marco Investment Management LLC’s holdings, making the stock its 5th largest holding. Marco Investment Management LLC’s holdings in Microsoft were worth $33,975,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC increased its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Swedbank AB increased its position in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after purchasing an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC increased its position in shares of Microsoft by 1.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock valued at $3,334,000 after purchasing an additional 109 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $449.14 on Wednesday. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a fifty day moving average of $391.20 and a 200-day moving average of $411.86. The company has a market capitalization of $3.34 trillion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays upped their price objective on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Morgan Stanley upped their price objective on Microsoft from $472.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Scotiabank upped their price objective on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 1st. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group raised their price objective on Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a research note 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $507.77.

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.