Berkshire Money Management Inc. Buys New Position in Microsoft Co. (NASDAQ:MSFT)

Berkshire Money Management Inc. acquired a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,795 shares of the software giant's stock, valued at approximately $3,286,000. Microsoft makes up approximately 0.4% of Berkshire Money Management Inc.'s holdings, making the stock its 21st biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new position in Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC grew its holdings in shares of Microsoft by 53.8% in the 4th 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 raised its position 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 purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the 4th quarter worth about $141,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT traded down $0.05 during trading on Wednesday, reaching $382.14. The company had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $2.84 trillion, a PE ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The business's 50 day moving average price is $403.52 and its 200-day moving average price is $418.45. Microsoft Co. has a 52 week low of $367.24 and a 52 week high of $468.35.

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Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business earned $2.93 EPS. Analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSFT. Piper Sandler restated an "overweight" rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Westpark Capital initiated coverage on Microsoft in a research report on Tuesday. They set a "hold" rating on the stock. Royal Bank of Canada restated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.

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.