Marietta Wealth Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,889 shares of the software giant's stock after purchasing an additional 846 shares during the period. Microsoft makes up about 2.7% of Marietta Wealth Management LLC's portfolio, making the stock its 6th biggest holding. Marietta Wealth Management LLC's holdings in Microsoft were worth $18,921,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth $38,000. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after acquiring an additional 25 shares during the last quarter. IFS Advisors LLC lifted its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management grew its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the third quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.
Microsoft Trading Down 2.5 %
NASDAQ:MSFT traded down $9.83 on Friday, hitting $380.75. The stock had a trading volume of 5,999,331 shares, compared to its average volume of 20,468,536. The company has a fifty day moving average price of $406.52 and a two-hundred day moving average price of $419.25. The stock has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.21 and a beta of 0.92. 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 1-year low of $376.91 and a 1-year high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.
Wall Street Analyst Weigh In
A number of research firms recently commented on MSFT. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Loop Capital lifted 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. Finally, Mizuho dropped 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. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.
Check Out Our Latest Stock Report on Microsoft
About Microsoft
(
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.
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