Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,047 shares of the software giant's stock after buying an additional 1,100 shares during the period. Microsoft accounts for 4.4% of Catalina Capital Group LLC's investment portfolio, making the stock its 3rd biggest position. Catalina Capital Group LLC's holdings in Microsoft were worth $13,508,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management grew its position 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 purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent analyst reports. Piper Sandler restated an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Morgan Stanley lowered their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price target for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Finally, Wedbush restated an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $508.86.

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Microsoft Stock Down 0.9 %

MSFT stock traded down $3.41 during midday trading on Monday, hitting $375.39. 35,114,161 shares of the company's stock were exchanged, compared to its average volume of 20,581,628. The stock has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $405.52 and a 200-day moving average price of $419.10. Microsoft Co. has a 12-month low of $367.31 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 period in the previous year, the firm earned $2.93 EPS. On average, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 dividend on an annualized basis and a yield of 0.88%. Microsoft's dividend payout ratio (DPR) is 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.