Fairhaven Wealth Management LLC Sells 27 Shares of Microsoft Co. (NASDAQ:MSFT)

Fairhaven Wealth Management LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,849 shares of the software giant’s stock after selling 27 shares during the period. Microsoft accounts for approximately 2.6% of Fairhaven Wealth Management LLC’s holdings, making the stock its 7th biggest position. Fairhaven Wealth Management LLC’s holdings in Microsoft were worth $8,366,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sierra Capital LLC lifted its position in Microsoft by 3.6% in the fourth quarter. Sierra Capital LLC now owns 16,234 shares of the software giant’s stock worth $6,843,000 after purchasing an additional 561 shares during the period. Brown Financial Advisors lifted its holdings in shares of Microsoft by 15.8% in the fourth quarter. Brown Financial Advisors now owns 12,990 shares of the software giant’s stock valued at $5,475,000 after buying an additional 1,768 shares during the period. Blackhawk Capital Partners LLC. boosted its stake in Microsoft by 3.1% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 13,307 shares of the software giant’s stock valued at $5,609,000 after buying an additional 395 shares in the last quarter. Wrapmanager Inc. raised its position in Microsoft by 2.4% in the fourth quarter. Wrapmanager Inc. now owns 29,043 shares of the software giant’s stock worth $12,242,000 after acquiring an additional 685 shares in the last quarter. Finally, Transcendent Capital Group LLC lifted its holdings in Microsoft by 2.4% in the 4th quarter. Transcendent Capital Group LLC now owns 25,022 shares of the software giant’s stock valued at $10,547,000 after acquiring an additional 596 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several recent research reports. BMO Capital Markets lowered their price objective on shares of Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $475.00 price target (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Westpark Capital assumed coverage on Microsoft in a report on Tuesday, April 1st. They set a “hold” rating for the company. Finally, Wells Fargo & Company decreased their price target on Microsoft from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $493.89.

Microsoft Stock Up 0.3 %

MSFT opened at $395.26 on Thursday. The company has a market capitalization of $2.94 trillion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The business has a 50-day moving average of $383.76 and a 200-day moving average of $410.91. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. 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 (NASDAQ:MSFT) last posted 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 firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.94 earnings per share. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is currently 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.