Proathlete Wealth Management LLC Has $4.80 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Proathlete Wealth Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,385 shares of the software giant’s stock after selling 31 shares during the quarter. Microsoft accounts for approximately 1.8% of Proathlete Wealth Management LLC’s holdings, making the stock its 15th largest holding. Proathlete Wealth Management LLC’s holdings in Microsoft were worth $4,799,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. BCK Partners Inc. increased its holdings in shares of Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares in the last quarter. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. Sequent Asset Management LLC lifted its position in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC lifted its holdings in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC boosted its holdings in Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 1.1 %

Shares of NASDAQ MSFT opened at $387.82 on Thursday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.88 trillion, a PE ratio of 31.23, a P/E/G ratio of 2.21 and a beta of 0.92. The company’s fifty day simple moving average is $410.13 and its 200 day simple moving average is $420.08.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $2.93 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.86%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

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.