Opes Wealth Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 33.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,429 shares of the software giant's stock after acquiring an additional 2,851 shares during the period. Microsoft accounts for 1.0% of Opes Wealth Management LLC's portfolio, making the stock its 29th largest holding. Opes Wealth Management LLC's holdings in Microsoft were worth $4,817,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock worth $1,204,664,000 after buying an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares in the last quarter. Finally, Swedbank AB grew its position in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Microsoft Stock Down 1.0 %
Shares of Microsoft stock traded down $3.83 during trading on Friday, reaching $367.78. The company's stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,246,383. The company has a 50-day simple moving average of $388.25 and a two-hundred day simple moving average of $412.78. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts forecast 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. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 26.73%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on MSFT shares. Wells Fargo & Company lowered their price objective on Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $499.97.
Read Our Latest Stock Report on MSFT
Microsoft Company Profile
(
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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