Microsoft Co. (NASDAQ:MSFT) is Cullinan Associates Inc.’s 4th Largest Position

Cullinan Associates Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,128 shares of the software giant’s stock after selling 21,056 shares during the quarter. Microsoft accounts for about 4.7% of Cullinan Associates Inc.’s holdings, making the stock its 4th largest holding. Cullinan Associates Inc.’s holdings in Microsoft were worth $73,816,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of 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 buying an additional 38 shares during the last quarter. AMF Tjanstepension AB grew its stake in shares of Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after acquiring an additional 49,735 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Microsoft by 41.3% in the third quarter. Exchange Traded Concepts LLC now owns 173,303 shares of the software giant’s stock valued at $74,572,000 after acquiring an additional 50,630 shares during the period. Finally, MorganRosel Wealth Management LLC increased its holdings in Microsoft by 3.2% during the third quarter. MorganRosel Wealth Management LLC now owns 5,631 shares of the software giant’s stock valued at $2,423,000 after buying an additional 175 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. UBS Group dropped their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Scotiabank assumed coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price for the company. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Price Performance

NASDAQ:MSFT opened at $378.80 on Monday. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50 day simple moving average of $405.52 and a 200-day simple moving average of $419.10. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.