David Wealth Management LLC Acquires Shares of 747 Microsoft Co. (NASDAQ:MSFT)

David Wealth Management LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 747 shares of the software giant's stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management lifted its stake 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. purchased a new position in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.0 %

Microsoft stock traded down $0.12 during midday trading on Tuesday, hitting $387.69. 2,355,474 shares of the stock were exchanged, compared to its average volume of 21,173,490. The company has a fifty day simple moving average of $391.38 and a two-hundred day simple moving average of $414.11. The stock has a market capitalization of $2.88 trillion, a PE ratio of 31.15, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. 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 (NASDAQ:MSFT - Get Free Report) last posted 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 quarter in the previous year, the business posted $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.86%. Microsoft's payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Jefferies Financial Group reissued a "buy" rating and issued a $475.00 price target (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th. Scotiabank started coverage on Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Wedbush lowered their price target on Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $503.86.

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.