Heritage Oak Wealth Advisors LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Heritage Oak Wealth Advisors LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 87.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,264 shares of the software giant’s stock after selling 8,744 shares during the period. Heritage Oak Wealth Advisors LLC’s holdings in Microsoft were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its position in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Swedbank AB boosted its holdings in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its position in Microsoft by 1.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock worth $3,334,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT opened at $435.28 on Friday. The firm has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a PEG 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. The stock’s 50-day moving average price is $384.93 and its 200 day moving average price is $411.07. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm posted $2.94 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday. Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada upped their target price on Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $507.77.

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.