YANKCOM Partnership Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

YANKCOM Partnership purchased 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 & Exchange Commission. The fund purchased 13,620 shares of the software giant's stock, valued at approximately $5,741,000. Microsoft makes up about 3.1% of YANKCOM Partnership's portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Net Worth Advisory Group acquired a new position in Microsoft in the third quarter worth about $2,645,000. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Oak Ridge Investments LLC grew its position in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after acquiring an additional 18,544 shares in the last quarter. Focus Financial Network Inc. raised its position in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management acquired a new position in Microsoft in the third quarter worth $3,314,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Microsoft stock traded down $9.03 during midday trading on Thursday, hitting $373.11. The company's stock had a trading volume of 30,133,706 shares, compared to its average volume of 20,642,729. Microsoft Co. has a 12 month low of $367.24 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 stock's 50-day moving average price is $402.24 and its 200-day moving average price is $418.11. The company has a market capitalization of $2.77 trillion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

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Microsoft (NASDAQ:MSFT - Get Free Report) last released its 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 last year, the firm earned $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Scotiabank began coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Tigress Financial lifted their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and increased their price target for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Loop Capital boosted their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, Jefferies Financial Group lowered their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $508.86.

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.