McAdam LLC Has $7.54 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

McAdam LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,898 shares of the software giant's stock after buying an additional 1,625 shares during the quarter. McAdam LLC's holdings in Microsoft were worth $7,544,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $38,000. IFS Advisors LLC raised its stake in shares of 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 in the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price target for the company. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Stifel Nicolaus reduced their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

Remove Ads

Microsoft Stock Performance

Shares of MSFT stock traded down $11.78 during trading hours on Friday, reaching $378.80. 21,606,792 shares of the company's stock were exchanged, compared to its average volume of 20,523,498. 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 Co. has a fifty-two week low of $376.91 and a fifty-two week high of $468.35. The business has a fifty day moving average price of $405.52 and a 200-day moving average price of $419.06. The stock has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 period in the previous year, the firm earned $2.93 earnings per share. Analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio 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.