Adell Harriman & Carpenter Inc. Buys 842 Shares of Microsoft Co. (NASDAQ:MSFT)

Adell Harriman & Carpenter Inc. boosted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,678 shares of the software giant's stock after purchasing an additional 842 shares during the quarter. Microsoft accounts for about 4.5% of Adell Harriman & Carpenter Inc.'s investment portfolio, making the stock its 4th biggest holding. Adell Harriman & Carpenter Inc.'s holdings in Microsoft were worth $64,775,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MSFT. PICTET BANK & TRUST Ltd grew its stake in Microsoft by 3.3% in the fourth quarter. PICTET BANK & TRUST Ltd now owns 10,218 shares of the software giant's stock valued at $4,288,000 after acquiring an additional 330 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Microsoft by 3.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 926,144 shares of the software giant's stock worth $388,626,000 after buying an additional 27,721 shares during the period. Latko Wealth Management Ltd. lifted its stake in Microsoft by 7.9% in the fourth quarter. Latko Wealth Management Ltd. now owns 1,136 shares of the software giant's stock valued at $479,000 after buying an additional 83 shares in the last quarter. GFG Capital LLC increased its position in shares of Microsoft by 0.4% during the fourth quarter. GFG Capital LLC now owns 16,884 shares of the software giant's stock worth $7,116,000 after acquiring an additional 73 shares in the last quarter. Finally, Campbell Wealth Management raised its holdings in shares of Microsoft by 39.2% during the fourth quarter. Campbell Wealth Management now owns 10,724 shares of the software giant's stock worth $4,520,000 after acquiring an additional 3,021 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a research note on Wednesday. Stifel Nicolaus lowered their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price on the stock. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $499.97.

Microsoft Price Performance

Microsoft stock traded down $3.83 during midday trading on Friday, reaching $367.78. The company's stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,277,339. The business has a 50-day moving average price of $389.13 and a 200-day moving average price of $413.21. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.73 trillion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.90%. Microsoft's dividend payout ratio is presently 26.73%.

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.