Destiny Wealth Partners LLC Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Destiny Wealth Partners LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,102 shares of the software giant's stock after buying an additional 1,168 shares during the quarter. Microsoft makes up 1.9% of Destiny Wealth Partners LLC's holdings, making the stock its 13th largest holding. Destiny Wealth Partners LLC's holdings in Microsoft were worth $11,845,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Net Worth Advisory Group purchased a new position in shares of Microsoft in the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted 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 in the last quarter. Focus Financial Network Inc. grew its stake 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. Campbell Wealth Management bought a new position in Microsoft in the third quarter worth about $3,314,000. Finally, Evernest Financial Advisors LLC boosted its holdings in shares of Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant's stock valued at $23,137,000 after buying an additional 42,778 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Microsoft Stock Performance

MSFT stock traded down $11.78 during trading on Friday, hitting $378.80. 21,606,792 shares of the company traded hands, compared to its average volume of 20,523,498. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The company has a market cap of $2.82 trillion, a PE ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. The stock's 50-day simple moving average is $405.52 and its 200 day simple moving average is $419.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the business posted $2.93 earnings per share. On average, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 26.73%.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Mizuho dropped their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Finally, Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $510.59.

Microsoft Company 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.