Centerline Wealth Advisors LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,958 shares of the software giant's stock, valued at approximately $818,000. Microsoft accounts for about 0.5% of Centerline Wealth Advisors LLC's portfolio, making the stock its 21st largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Net Worth Advisory Group purchased a new stake in shares of Microsoft in the 3rd quarter valued at $2,645,000. Adamsbrown Wealth Consultants LLC raised its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC lifted its position in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. boosted its holdings in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new stake in Microsoft during the 3rd quarter worth about $3,314,000. Hedge funds and other institutional investors own 71.13% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on MSFT shares. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. UBS Group lowered their price objective on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Wedbush reiterated an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Finally, Piper Sandler reissued an "overweight" rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.
View Our Latest Research Report on MSFT
Microsoft Price Performance
NASDAQ:MSFT opened at $359.84 on Friday. Microsoft Co. has a one year low of $359.48 and a one year high of $468.35. The stock has a market cap of $2.68 trillion, a PE ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00. 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 50 day moving average price of $399.08 and a 200 day moving average price of $417.40.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 in the prior year, the firm posted $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 0.92%. Microsoft's payout ratio is 26.73%.
Microsoft Company Profile
(
Free Report)
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.
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