RFG Advisory LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

RFG Advisory LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,071 shares of the software giant's stock after buying an additional 6,428 shares during the period. Microsoft accounts for 0.7% of RFG Advisory LLC's holdings, making the stock its 21st biggest position. RFG Advisory LLC's holdings in Microsoft were worth $24,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BCK Partners Inc. grew its stake in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after purchasing an additional 24 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in Microsoft by 0.8% in the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant's stock valued at $1,290,000 after acquiring an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares during the last quarter. Sequent Asset Management LLC increased its position in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its holdings in shares of Microsoft by 0.8% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several research analyst reports. Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. DA Davidson reiterated a "neutral" rating and set a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Wedbush reissued an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $509.54.

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Microsoft Stock Performance

MSFT opened at $383.27 on Thursday. The stock's 50 day simple moving average is $413.92 and its 200 day simple moving average is $421.06. The stock has a market cap of $2.85 trillion, a P/E ratio of 30.86, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. 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 (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 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 period in the previous year, the company earned $2.93 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS 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 given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is currently 26.73%.

Microsoft Company 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.

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