Opal Wealth Advisors LLC Buys 703 Shares of Microsoft Co. (NASDAQ:MSFT)

Opal Wealth Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,917 shares of the software giant's stock after buying an additional 703 shares during the period. Microsoft accounts for 1.3% of Opal Wealth Advisors LLC's portfolio, making the stock its 14th biggest position. Opal Wealth Advisors LLC's holdings in Microsoft were worth $4,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wingate Wealth Advisors Inc. purchased a new stake in Microsoft in the fourth quarter worth about $998,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $6,271,000. Elevate Capital Advisors LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $4,285,000. Luminvest Wealth Management LLC boosted its position in shares of Microsoft by 1.8% during the fourth quarter. Luminvest Wealth Management LLC now owns 1,630 shares of the software giant's stock valued at $687,000 after purchasing an additional 29 shares in the last quarter. Finally, Burns Matteson Capital Management LLC grew its stake in Microsoft by 7.0% in the fourth quarter. Burns Matteson Capital Management LLC now owns 9,501 shares of the software giant's stock worth $4,005,000 after purchasing an additional 625 shares during the period. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSFT. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Stifel Nicolaus lowered 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. Finally, Wedbush dropped their price target on Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $505.41.

Microsoft Stock Performance

Shares of MSFT traded up $7.10 during trading hours on Friday, hitting $388.45. The stock had a trading volume of 23,826,330 shares, compared to its average volume of 21,250,515. The firm has a market capitalization of $2.89 trillion, a PE ratio of 31.28, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock has a fifty day moving average price of $391.89 and a 200 day moving average price of $414.41.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company posted $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.08 EPS for the current 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 issued a dividend of $0.83 per share. 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 0.85%. Microsoft's dividend payout ratio is currently 26.73%.

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.