RFP Financial Group LLC Has $4.97 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

RFP Financial Group LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 50.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,785 shares of the software giant's stock after selling 12,149 shares during the quarter. Microsoft comprises 1.9% of RFP Financial Group LLC's portfolio, making the stock its 11th biggest holding. RFP Financial Group LLC's holdings in Microsoft were worth $4,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Wealth & Retirement Planning Inc. raised its position in Microsoft by 13.8% in the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 8,369 shares of the software giant's stock worth $3,528,000 after purchasing an additional 1,017 shares during the last quarter. Richard C. Young & CO. LTD. boosted its position in Microsoft by 0.9% in the 4th quarter. Richard C. Young & CO. LTD. now owns 37,966 shares of the software giant's stock valued at $16,003,000 after buying an additional 342 shares during the last quarter. WestEnd Advisors LLC increased its stake in shares of Microsoft by 5.6% in the 4th quarter. WestEnd Advisors LLC now owns 104,187 shares of the software giant's stock valued at $43,915,000 after buying an additional 5,531 shares during the period. Stoneridge Investment Partners LLC raised its position in shares of Microsoft by 3.9% during the fourth quarter. Stoneridge Investment Partners LLC now owns 43,825 shares of the software giant's stock worth $18,472,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Chaney Capital Management Inc. lifted its stake in shares of Microsoft by 0.8% during the fourth quarter. Chaney Capital Management Inc. now owns 23,061 shares of the software giant's stock valued at $9,720,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSFT. Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Wedbush lowered their price target on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a research report on Thursday. Piper Sandler restated an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Scotiabank initiated 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 on the stock. Finally, Morgan Stanley dropped their target price on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $505.41.

Microsoft Stock Up 1.9 %

Shares of NASDAQ:MSFT traded up $7.10 during midday trading on Friday, reaching $388.45. 23,826,330 shares of the company were exchanged, compared to its average volume of 21,242,894. The firm has a market cap of $2.89 trillion, a PE ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00. 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 fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a fifty day simple moving average of $391.89 and a two-hundred day simple moving average of $414.53.

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 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 business posted $2.93 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared 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 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) 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.