Consolidated Planning Corp Has $17.51 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Consolidated Planning Corp boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,543 shares of the software giant's stock after acquiring an additional 5,561 shares during the quarter. Microsoft accounts for 2.4% of Consolidated Planning Corp's portfolio, making the stock its 10th largest position. Consolidated Planning Corp's holdings in Microsoft were worth $17,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC boosted its stake 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 buying an additional 35 shares during the last quarter. Avondale Wealth Management grew 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 acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 0.5 %

NASDAQ MSFT traded down $2.08 during trading hours on Tuesday, hitting $385.73. The company's stock had a trading volume of 17,146,935 shares, compared to its average volume of 21,226,164. The company has a market capitalization of $2.87 trillion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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 Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company's 50-day simple moving average is $391.38 and its two-hundred day simple moving average is $414.11.

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Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 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 quarter last year, the company earned $2.93 EPS. Research analysts anticipate 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 paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. Microsoft's payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSFT. UBS Group decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday. Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 price target (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Bank of America dropped their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" 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's stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $502.83.

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.