Pacific Global Investment Management Co. Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Pacific Global Investment Management Co. cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 88.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,800 shares of the software giant’s stock after selling 69,989 shares during the period. Microsoft accounts for 4.8% of Pacific Global Investment Management Co.’s portfolio, making the stock its 2nd largest holding. Pacific Global Investment Management Co.’s holdings in Microsoft were worth $3,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC boosted its holdings 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. Mcdaniel Terry & Co. boosted its holdings in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Centric Wealth Management raised its holdings in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after purchasing an additional 112 shares during the period. 1900 Wealth Management LLC grew its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after buying an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Microsoft by 2.4% in the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock worth $3,980,299,000 after purchasing an additional 217,509 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on 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 sale, the insider now owns 471,036 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MSFT shares. Royal Bank of Canada increased their price target on shares of Microsoft from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. TD Securities increased their target price on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Mizuho boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company increased their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, UBS Group cut their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Five investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $507.77.

Microsoft Price Performance

Shares of MSFT opened at $438.00 on Friday. The company has a 50 day moving average price of $388.19 and a 200-day moving average price of $411.61. 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 quick ratio of 1.34 and a current ratio of 1.35. The stock has a market capitalization of $3.26 trillion, a PE ratio of 35.27, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is presently 25.66%.

About Microsoft

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.