865 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Five Pine Wealth Management

Five Pine Wealth Management purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 865 shares of the software giant's stock, valued at approximately $365,000.

Several other large investors have also recently made changes to their positions in MSFT. Destiny Wealth Partners LLC boosted its holdings in shares of Microsoft by 4.3% during the 4th quarter. Destiny Wealth Partners LLC now owns 28,102 shares of the software giant's stock worth $11,845,000 after purchasing an additional 1,168 shares during the last quarter. Concord Wealth Partners grew its holdings in shares of Microsoft by 5.0% in the fourth quarter. Concord Wealth Partners now owns 43,835 shares of the software giant's stock valued at $18,476,000 after purchasing an additional 2,093 shares during the period. Concord Asset Management LLC VA grew its stake in shares of Microsoft by 4.0% in the 4th quarter. Concord Asset Management LLC VA now owns 32,262 shares of the software giant's stock valued at $13,599,000 after buying an additional 1,253 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Microsoft by 14.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 105,099 shares of the software giant's stock valued at $44,621,000 after buying an additional 13,081 shares during the period. Finally, Waldron Private Wealth LLC lifted its holdings in Microsoft by 0.7% in the fourth quarter. Waldron Private Wealth LLC now owns 92,534 shares of the software giant's stock valued at $39,004,000 after acquiring an additional 616 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Stifel Nicolaus reduced their price objective on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus target price of $510.59.

Microsoft Stock Performance

Shares of MSFT stock traded down $11.78 during trading hours on Friday, hitting $378.80. The stock had a trading volume of 21,606,792 shares, compared to its average volume of 20,523,498. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $2.82 trillion, a PE ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. The stock's 50 day moving average is $405.52 and its 200 day moving average is $419.06. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

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 analysts' consensus estimates 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, research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

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.