MFG Wealth Management Inc. Acquires New Position in Microsoft Co. (NASDAQ:MSFT)

MFG Wealth Management Inc. acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,363 shares of the software giant's stock, valued at approximately $2,261,000. Microsoft comprises about 2.1% of MFG Wealth Management Inc.'s investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors also recently bought and sold shares of MSFT. WFA Asset Management Corp increased its position in Microsoft by 27.0% during the 1st 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 in the last quarter. Ironwood Wealth Management LLC. grew its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. AMF Tjanstepension AB increased its position 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 in the last quarter. Discipline Wealth Solutions LLC raised its stake in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Microsoft Stock Down 0.5 %

Shares of NASDAQ MSFT traded down $2.08 during midday trading on Tuesday, hitting $385.73. 17,146,935 shares of the stock traded hands, compared to its average volume of 21,226,164. 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 Co. has a one year low of $344.79 and a one year high of $468.35. The business has a 50 day moving average price of $391.38 and a two-hundred day moving average price of $414.11. The company has a market cap of $2.87 trillion, a PE ratio of 31.06, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 last year, the business posted $2.93 earnings per share. On average, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Bank of America cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday. Piper Sandler restated an "overweight" rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company dropped their price objective on Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $502.83.

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.