Redwood Wealth Management Group LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,260 shares of the software giant's stock after purchasing an additional 1,239 shares during the quarter. Microsoft comprises 2.5% of Redwood Wealth Management Group LLC's holdings, making the stock its 3rd largest holding. Redwood Wealth Management Group LLC's holdings in Microsoft were worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of MSFT. Net Worth Advisory Group purchased a new stake in Microsoft during the 3rd quarter valued at about $2,645,000. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the period. Oak Ridge Investments LLC lifted its holdings in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. raised its position in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new stake in Microsoft during the 3rd quarter valued at approximately $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MSFT has been the topic of a number of research reports. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Westpark Capital initiated coverage on Microsoft in a research note on Tuesday. They issued a "hold" rating on the stock. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Piper Sandler restated an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Four equities research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $508.86.
View Our Latest Analysis on MSFT
Microsoft Price Performance
Shares of NASDAQ:MSFT traded up $6.80 during midday trading on Tuesday, hitting $382.19. The company had a trading volume of 19,648,293 shares, compared to its average volume of 20,595,340. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The stock has a market cap of $2.84 trillion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 business's 50-day simple moving average is $404.45 and its 200-day simple moving average is $418.77.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted $2.93 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current 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 issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft's payout ratio is 26.73%.
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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