Palumbo Wealth Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,171 shares of the software giant's stock after purchasing an additional 901 shares during the period. Microsoft makes up about 2.7% of Palumbo Wealth Management LLC's portfolio, making the stock its 6th largest holding. Palumbo Wealth Management LLC's holdings in Microsoft were worth $7,237,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. bLong Financial LLC bought a new position in Microsoft in the 4th quarter valued at about $4,479,000. Legacy Capital Wealth Partners LLC raised its position in Microsoft by 4.1% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 9,009 shares of the software giant's stock valued at $3,797,000 after purchasing an additional 354 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Microsoft by 12.5% in the 4th quarter. Everhart Financial Group Inc. now owns 48,169 shares of the software giant's stock valued at $20,303,000 after purchasing an additional 5,342 shares in the last quarter. Beacon Capital Management LLC increased its stake in shares of Microsoft by 3.7% in the 4th quarter. Beacon Capital Management LLC now owns 9,997 shares of the software giant's stock valued at $4,214,000 after purchasing an additional 360 shares during the last quarter. Finally, Next Level Wealth Planning LLC bought a new stake in shares of Microsoft during the 4th quarter worth $559,000. 71.13% of the stock is owned by institutional investors.
Microsoft Price Performance
Shares of NASDAQ:MSFT traded down $3.83 during midday trading on Friday, hitting $367.78. The company had a trading volume of 20,940,221 shares, compared to its average volume of 21,282,398. The business's 50-day simple moving average is $389.13 and its 200-day simple moving average is $413.21. 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 $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 period in the prior year, the company 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 disclosed 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 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.
Analyst Ratings Changes
A number of research analysts have recently commented on MSFT shares. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Wells Fargo & Company cut their price objective on Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Monday. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $499.97.
View Our Latest Research Report on MSFT
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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