Summit Wealth Partners LLC Acquires 804 Shares of Microsoft Co. (NASDAQ:MSFT)

Summit Wealth Partners LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,774 shares of the software giant's stock after acquiring an additional 804 shares during the period. Summit Wealth Partners LLC's holdings in Microsoft were worth $2,855,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the 4th quarter worth $141,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Jefferies Financial Group reduced their price objective on Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research note on Monday. Finally, Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $508.86.

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Microsoft Price Performance

NASDAQ MSFT traded down $9.03 on Thursday, reaching $373.11. The company's stock had a trading volume of 30,133,706 shares, compared to its average volume of 20,642,729. 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 stock has a market cap of $2.77 trillion, a PE ratio of 30.04, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $367.24 and a twelve month high of $468.35. The firm's 50 day moving average is $402.24 and its two-hundred day moving average is $418.11.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its 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 period last year, the company earned $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.89%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

About Microsoft

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.