Heck Capital Advisors LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,347 shares of the software giant's stock, valued at approximately $5,626,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter worth about $38,000. Christopher J. Hasenberg Inc increased 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 acquiring an additional 25 shares in the last quarter. IFS Advisors LLC increased its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management raised its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the third quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Trading Down 2.5 %
MSFT stock traded down $9.83 during midday trading on Friday, reaching $380.75. The company's stock had a trading volume of 5,999,331 shares, compared to its average volume of 20,468,536. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.21 and a beta of 0.92. The stock has a fifty day simple moving average of $406.52 and a two-hundred day simple moving average of $419.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 period in the prior year, the firm posted $2.93 EPS. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft's dividend payout ratio is currently 26.73%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MSFT. Morgan Stanley reduced their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Wedbush reiterated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus target price of $510.59.
Read Our Latest Research Report on Microsoft
About Microsoft
(
Free Report)
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.
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