Addison Advisors LLC Has $7.01 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Addison Advisors LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,637 shares of the software giant’s stock after selling 137 shares during the quarter. Microsoft accounts for approximately 2.0% of Addison Advisors LLC’s holdings, making the stock its 10th biggest holding. Addison Advisors LLC’s holdings in Microsoft were worth $7,012,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prasad Wealth Partners LLC bought a new position in Microsoft in the 4th quarter worth approximately $5,708,000. BankPlus Trust Department acquired a new position in Microsoft during the 4th quarter worth $13,861,000. Portland Financial Advisors Inc bought a new position in shares of Microsoft in the fourth quarter worth $291,000. Edge Capital Group LLC increased its holdings in shares of Microsoft by 5.0% during the fourth quarter. Edge Capital Group LLC now owns 84,803 shares of the software giant’s stock valued at $35,744,000 after purchasing an additional 4,014 shares during the period. Finally, Rothschild Investment LLC raised its stake in shares of Microsoft by 0.4% during the fourth quarter. Rothschild Investment LLC now owns 69,938 shares of the software giant’s stock valued at $29,479,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MSFT shares. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Wednesday, April 23rd. Piper Sandler decreased their price objective on shares of Microsoft from $520.00 to $435.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Westpark Capital started coverage on Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating on the stock. Finally, DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and upped their price objective for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $493.89.

Microsoft Stock Performance

Shares of MSFT opened at $394.04 on Wednesday. The company has a market capitalization of $2.93 trillion, a PE ratio of 31.73, a PEG ratio of 2.21 and a beta of 1.00. 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 company’s 50 day moving average price is $384.02 and its 200 day moving average price is $411.02. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 quarter in the previous year, the company posted $2.93 EPS. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

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.