Microsoft Co. (NASDAQ:MSFT) is Kestra Private Wealth Services LLC's 4th Largest Position

Kestra Private Wealth Services LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 325,635 shares of the software giant's stock after acquiring an additional 51,576 shares during the period. Microsoft makes up approximately 2.3% of Kestra Private Wealth Services LLC's portfolio, making the stock its 4th biggest holding. Kestra Private Wealth Services LLC's holdings in Microsoft were worth $137,255,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MSFT. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Microsoft by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after purchasing an additional 652,493 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after buying an additional 406,940 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

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Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Jefferies Financial Group reissued a "buy" rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $505.41.

Microsoft Trading Up 1.9 %

MSFT stock traded up $7.10 during midday trading on Friday, reaching $388.45. 23,826,330 shares of the company's stock traded hands, compared to its average volume of 21,242,894. 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 Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The business has a 50-day moving average price of $391.89 and a two-hundred day moving average price of $414.53. The company has a market capitalization of $2.89 trillion, a P/E ratio of 31.28, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 period in the prior year, the firm posted $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 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.