Golden State Wealth Management LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,806 shares of the software giant's stock, valued at approximately $9,191,000. Microsoft comprises approximately 1.4% of Golden State Wealth Management LLC's portfolio, making the stock its 15th largest holding.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB lifted its position in Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after buying an additional 49,735 shares during the period. Discipline Wealth Solutions LLC boosted its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Finally, Swedbank AB grew its holdings in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Trading Down 3.6 %
NASDAQ:MSFT opened at $359.84 on Friday. Microsoft Co. has a one year low of $359.48 and a one year high of $468.35. The business's 50-day simple moving average is $399.08 and its 200 day simple moving average is $417.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $2.68 trillion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 period last year, the business posted $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on MSFT shares. Wedbush reiterated an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Jefferies Financial Group lowered their price objective on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Monday, March 31st. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Mizuho reduced their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Finally, Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Four 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 currently has an average rating of "Moderate Buy" and a consensus price target of $508.86.
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About Microsoft
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Free Report)
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.
Further Reading
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