Financial Life Planners Invests $6.29 Million in Microsoft Co. (NASDAQ:MSFT)

Financial Life Planners acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,891 shares of the software giant's stock, valued at approximately $6,290,000. Microsoft accounts for 5.3% of Financial Life Planners' portfolio, making the stock its 5th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Ogorek Anthony Joseph NY ADV grew its holdings in shares of Microsoft by 1.1% during the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 5,661 shares of the software giant's stock worth $2,386,000 after purchasing an additional 61 shares during the last quarter. Muirfield Wealth Advisors LLC lifted its holdings in Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after buying an additional 24 shares in the last quarter. Leisure Capital Management increased its stake in shares of Microsoft by 7.6% in the 4th quarter. Leisure Capital Management now owns 24,427 shares of the software giant's stock valued at $10,296,000 after buying an additional 1,729 shares during the period. HFG Advisors Inc. raised its position in shares of Microsoft by 2.8% during the fourth quarter. HFG Advisors Inc. now owns 2,995 shares of the software giant's stock worth $1,262,000 after acquiring an additional 81 shares during the last quarter. Finally, Prudent Investors Network Inc. lifted its stake in shares of Microsoft by 7.8% during the fourth quarter. Prudent Investors Network Inc. now owns 36,484 shares of the software giant's stock valued at $15,378,000 after acquiring an additional 2,641 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSFT. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Jefferies Financial Group cut their price objective on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating on the stock in a report on Monday. Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $508.86.

Microsoft Stock Down 0.9 %

Shares of NASDAQ:MSFT traded down $3.41 during mid-day trading on Monday, reaching $375.39. 35,114,161 shares of the stock were exchanged, compared to its average volume of 20,581,628. The stock's 50 day simple moving average is $405.52 and its 200-day simple moving average is $419.10. Microsoft Co. has a one year low of $367.31 and a one year high of $468.35. The company has a market cap of $2.79 trillion, a P/E ratio of 30.22, a P/E/G ratio of 2.21 and a beta of 0.92. 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 issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 in the previous year, the company posted $2.93 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.88%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.