Microsoft Co. (NASDAQ:MSFT) Position Increased by Rockline Wealth Management LLC

Rockline Wealth Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,806 shares of the software giant's stock after purchasing an additional 1,210 shares during the quarter. Microsoft accounts for 6.2% of Rockline Wealth Management LLC's investment portfolio, making the stock its 3rd largest position. Rockline Wealth Management LLC's holdings in Microsoft were worth $23,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Microsoft by 4.1% during 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Microsoft by 48,526.1% in the 3rd 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 in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after buying an additional 406,940 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wedbush reiterated an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Morgan Stanley lowered their price target on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Piper Sandler reissued an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Scotiabank started coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 target price on the stock. Finally, Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $508.86.

Microsoft Stock Up 1.8 %

Shares of NASDAQ:MSFT traded up $6.80 during midday trading on Tuesday, hitting $382.19. 19,430,156 shares of the company's stock traded hands, compared to its average volume of 20,577,346. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The company has a market cap of $2.84 trillion, a PE ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm's fifty day moving average price is $404.45 and its two-hundred day moving average price is $418.77.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 earned $2.93 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid 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 0.87%. Microsoft's dividend 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.