Redwood Wealth Management Group LLC Has $5.17 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Redwood Wealth Management Group LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,260 shares of the software giant's stock after purchasing an additional 1,239 shares during the period. Microsoft comprises approximately 2.5% of Redwood Wealth Management Group LLC's investment portfolio, making the stock its 3rd biggest holding. Redwood Wealth Management Group LLC's holdings in Microsoft were worth $5,170,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Net Worth Advisory Group acquired a new position in shares of Microsoft during the 3rd quarter worth approximately $2,645,000. Adamsbrown Wealth Consultants LLC grew its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased its holdings in 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 buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. raised its position in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management acquired a new stake in Microsoft in the third quarter valued at $3,314,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT traded down $13.27 during mid-day trading on Friday, reaching $359.84. The company had a trading volume of 49,130,329 shares, compared to its average volume of 20,761,546. Microsoft Co. has a one year low of $355.27 and a one year high of $468.35. The business's 50-day simple moving average is $399.08 and its 200 day simple moving average is $417.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 28.97, a PEG 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 period in the previous 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 fiscal year.

Microsoft Announces Dividend

The firm 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is presently 26.73%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MSFT shares. Piper Sandler restated an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. UBS Group cut their price objective on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Finally, Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.