Precision Wealth Strategies LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Precision Wealth Strategies LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,964 shares of the software giant's stock after buying an additional 1,646 shares during the period. Microsoft comprises approximately 2.3% of Precision Wealth Strategies LLC's portfolio, making the stock its 14th largest position. Precision Wealth Strategies LLC's holdings in Microsoft were worth $2,935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Microsoft by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after buying an additional 652,493 shares during the period. International Assets Investment Management LLC lifted its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. boosted its position in Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Remove Ads

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded down $11.78 during midday trading on Friday, reaching $378.80. 21,606,792 shares of the company traded hands, compared to its average volume of 20,523,498. The firm's fifty day moving average price is $405.52 and its two-hundred day moving average price is $419.06. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 12 month low of $376.91 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly 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 quarter in the previous year, the firm earned $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given 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 dividend yield of 0.88%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group lowered 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. Morgan Stanley lowered their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Scotiabank assumed coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $510.59.

About Microsoft

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.