Lockheed Martin Investment Management Co. Purchases 55,350 Shares of Microsoft Co. (NASDAQ:MSFT)

Lockheed Martin Investment Management Co. raised its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 467,670 shares of the software giant's stock after purchasing an additional 55,350 shares during the period. Microsoft makes up approximately 7.9% of Lockheed Martin Investment Management Co.'s holdings, making the stock its 2nd biggest position. Lockheed Martin Investment Management Co.'s holdings in Microsoft were worth $197,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp lifted its position in Microsoft by 27.0% in the first 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. raised its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after acquiring an additional 49,735 shares during the period. Adamsbrown Wealth Consultants LLC boosted its position in shares of Microsoft by 4.3% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 5,837 shares of the software giant's stock valued at $2,511,000 after acquiring an additional 239 shares in the last quarter. Finally, Affinity Wealth Management LLC increased its stake in Microsoft by 0.3% in the third quarter. Affinity Wealth Management LLC now owns 33,242 shares of the software giant's stock valued at $14,304,000 after acquiring an additional 107 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

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Microsoft Trading Down 3.6 %

Shares of NASDAQ MSFT traded down $13.27 during mid-day trading on Friday, hitting $359.84. The company's stock had a trading volume of 49,130,329 shares, compared to its average volume of 20,778,366. Microsoft Co. has a one year low of $359.48 and a one year high of $468.35. The company's fifty day simple moving average is $399.08 and its 200-day simple moving average is $417.30. 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 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 issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 quarter in the previous year, the business posted $2.93 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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. This represents a $3.32 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

Analysts Set New Price Targets

A number of research analysts have commented on MSFT shares. Loop Capital raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus lowered their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. Finally, Wedbush reaffirmed an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.

Microsoft 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.