Comprehensive Financial Planning Inc. PA Invests $6.27 Million in Microsoft Co. (NASDAQ:MSFT)

Comprehensive Financial Planning Inc. PA bought a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 14,879 shares of the software giant's stock, valued at approximately $6,271,000. Microsoft accounts for approximately 5.3% of Comprehensive Financial Planning Inc. PA's holdings, making the stock its 3rd biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management grew its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter valued at $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 1.9 %

NASDAQ MSFT traded up $7.10 on Friday, hitting $388.45. 23,826,330 shares of the company were exchanged, compared to its average volume of 21,240,524. The company has a market cap of $2.89 trillion, a PE ratio of 31.28, a PEG ratio of 2.21 and a beta of 1.00. The stock has a fifty day moving average of $391.89 and a 200-day moving average of $414.53. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 quarter last year, the firm posted $2.93 earnings per share. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared 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 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of brokerages have weighed in on MSFT. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Loop Capital raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $505.41.

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.