BXM Wealth LLC Acquires Shares of 3,194 Microsoft Co. (NASDAQ:MSFT)

BXM Wealth LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,194 shares of the software giant's stock, valued at approximately $1,346,000. Microsoft makes up 1.9% of BXM Wealth LLC's portfolio, making the stock its 14th biggest position.

Several other hedge funds have also bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC raised its position 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 last quarter. Avondale Wealth Management boosted its holdings in 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. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 1.0 %

Shares of NASDAQ MSFT traded down $3.83 during midday trading on Friday, hitting $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 company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The business's fifty day simple moving average is $389.13 and its two-hundred day simple moving average is $413.21. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

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 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 company posted $2.93 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSFT. UBS Group dropped their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price objective for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Wells Fargo & Company decreased their target price on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a research note on Monday. Five analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $499.97.

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.