HHM Wealth Advisors LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

HHM Wealth Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 28.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,462 shares of the software giant's stock after acquiring an additional 5,385 shares during the period. Microsoft accounts for 1.4% of HHM Wealth Advisors LLC's portfolio, making the stock its 14th largest holding. HHM Wealth Advisors LLC's holdings in Microsoft were worth $10,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management increased its stake in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the fourth quarter valued at about $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 2.0 %

Shares of NASDAQ:MSFT traded down $7.63 during trading hours on Monday, hitting $371.17. The company's stock had a trading volume of 12,866,771 shares, compared to its average volume of 20,496,477. 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's fifty day moving average price is $405.52 and its 200 day moving average price is $419.10. Microsoft Co. has a 52 week low of $367.31 and a 52 week high of $468.35. The company has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.21 and a beta of 0.92.

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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, 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 last year, the company earned $2.93 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.89%. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSFT shares. Mizuho decreased 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. Wedbush reiterated an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $508.86.

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.