Spectrum Wealth Advisory Group LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 32.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,775 shares of the software giant's stock after acquiring an additional 929 shares during the quarter. Microsoft comprises approximately 0.8% of Spectrum Wealth Advisory Group LLC's portfolio, making the stock its 21st biggest position. Spectrum Wealth Advisory Group LLC's holdings in Microsoft were worth $1,591,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. BCK Partners Inc. boosted its holdings in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Muirfield Wealth Advisors LLC boosted its holdings in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares during the period. Sequent Asset Management LLC grew its holdings in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC grew its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after acquiring an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC increased its position in shares of Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after acquiring an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Stock Performance
Shares of NASDAQ:MSFT traded down $3.83 on Friday, hitting $367.78. The company's stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,246,383. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock's 50-day moving average is $388.25 and its two-hundred day moving average is $412.78. 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 company has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 quarter last year, the company posted $2.93 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 26.73%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Mizuho lowered their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Scotiabank assumed coverage on shares of Microsoft in a report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price objective for the company. Finally, Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $499.97.
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Microsoft Company Profile
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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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