Commonwealth Financial Services LLC Buys 1,470 Shares of Microsoft Co. (NASDAQ:MSFT)

Commonwealth Financial Services LLC increased its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,625 shares of the software giant's stock after purchasing an additional 1,470 shares during the period. Microsoft makes up 1.8% of Commonwealth Financial Services LLC's holdings, making the stock its 17th largest position. Commonwealth Financial Services LLC's holdings in Microsoft were worth $9,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp boosted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in shares of Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after buying an additional 49,735 shares during the last quarter. Compagnie Lombard Odier SCmA grew its stake in shares of Microsoft by 3.7% in the third quarter. Compagnie Lombard Odier SCmA now owns 1,381,517 shares of the software giant's stock valued at $594,467,000 after buying an additional 49,149 shares in the last quarter. Finally, Stonekeep Investments LLC increased its holdings in Microsoft by 5.5% during the third quarter. Stonekeep Investments LLC now owns 5,701 shares of the software giant's stock worth $2,453,000 after buying an additional 297 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

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Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $508.86.

Microsoft Price Performance

NASDAQ:MSFT traded up $6.80 on Tuesday, hitting $382.19. The company had a trading volume of 19,648,293 shares, compared to its average volume of 20,595,340. The firm has a 50 day moving average of $404.45 and a two-hundred day moving average of $418.77. The stock has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $367.24 and a 52 week high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

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, 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 in the previous year, the business posted $2.93 earnings per share. On average, research analysts anticipate 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. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 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.