Park Capital Management LLC WI bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,728 shares of the software giant's stock, valued at approximately $2,836,000. Microsoft makes up about 3.4% of Park Capital Management LLC WI's portfolio, making the stock its 4th biggest position.
Other large investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth $38,000. IFS Advisors LLC grew its stake in shares of 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 acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% during the fourth 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 last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors.
Analysts Set New Price Targets
MSFT has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on shares of Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and raised their target price for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Piper Sandler reiterated an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Wells Fargo & Company reduced their price objective on Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $502.83.
Check Out Our Latest Research Report on MSFT
Microsoft Trading Down 0.5 %
Shares of NASDAQ MSFT traded down $2.08 during midday trading on Tuesday, hitting $385.73. The stock had a trading volume of 17,146,935 shares, compared to its average volume of 21,226,164. The company has a fifty day moving average price of $391.38 and a 200 day moving average price of $414.11. The company has a market capitalization of $2.87 trillion, a price-to-earnings ratio of 31.06, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1-year low of $344.79 and a 1-year 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.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 quarter in the prior year, the company earned $2.93 earnings per share. On average, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is presently 26.73%.
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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