C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,676 shares of the software giant's stock after purchasing an additional 2,216 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in Microsoft were worth $12,088,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the 4th quarter worth $38,000. IFS Advisors LLC grew its holdings in 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 acquiring an additional 35 shares in the last quarter. Avondale Wealth Management raised 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 valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the fourth quarter valued at approximately $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group lowered their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Mizuho decreased their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Microsoft from $490.00 to $470.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $494.80.

Microsoft Trading Up 2.1 %

Shares of Microsoft stock traded up $7.76 during mid-day trading on Wednesday, hitting $374.58. The stock had a trading volume of 20,511,535 shares, compared to its average volume of 21,238,666. The firm has a 50-day moving average of $386.38 and a two-hundred day moving average of $411.95. The firm has a market cap of $2.78 trillion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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 Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 last year, the business earned $2.93 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.89%. Microsoft's dividend payout ratio (DPR) 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.