Austin Private Wealth LLC Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Austin Private Wealth LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,957 shares of the software giant's stock after buying an additional 1,810 shares during the quarter. Microsoft accounts for 0.9% of Austin Private Wealth LLC's investment portfolio, making the stock its 24th largest holding. Austin Private Wealth LLC's holdings in Microsoft were worth $10,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter worth $38,000. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% during the 4th 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 period. Avondale Wealth Management boosted 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 worth $46,000 after buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter valued at about $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

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Microsoft Trading Down 2.5 %

MSFT traded down $9.83 during midday trading on Friday, reaching $380.75. 5,999,331 shares of the company's stock traded hands, compared to its average volume of 20,468,536. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The firm has a fifty day moving average of $406.52 and a two-hundred day moving average of $419.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

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, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the business earned $2.93 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSFT. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Wedbush reaffirmed an "outperform" rating and set a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

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.