Strategic Financial Concepts LLC Has $860.91 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Strategic Financial Concepts LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 43,900.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,042,499 shares of the software giant's stock after purchasing an additional 2,037,857 shares during the quarter. Microsoft comprises 1.7% of Strategic Financial Concepts LLC's investment portfolio, making the stock its 13th biggest position. Strategic Financial Concepts LLC's holdings in Microsoft were worth $860,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MSFT. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Microsoft by 4.1% in the third 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 acquiring an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 acquiring an additional 652,493 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of 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 worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Microsoft by 1.1% in 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 purchasing an additional 406,940 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MSFT. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Mizuho dropped their price target 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 reaffirmed an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Loop Capital lifted their price target on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $508.86.

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Microsoft Stock Performance

Shares of MSFT opened at $359.84 on Friday. Microsoft Co. has a one year low of $359.48 and a one year high of $468.35. The company has a market cap of $2.68 trillion, a PE ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00. The stock has a 50-day moving average of $399.08 and a 200-day moving average of $417.40. 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 (EPS) 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 last year, the company earned $2.93 EPS. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 yield of 0.92%. Microsoft's dividend payout ratio (DPR) is presently 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.

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