Microsoft Co. (NASDAQ:MSFT) Holdings Lifted by Summit Wealth & Retirement Planning Inc.

Summit Wealth & Retirement Planning Inc. raised its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,369 shares of the software giant's stock after purchasing an additional 1,017 shares during the period. Microsoft accounts for 1.1% of Summit Wealth & Retirement Planning Inc.'s portfolio, making the stock its 19th largest position. Summit Wealth & Retirement Planning Inc.'s holdings in Microsoft were worth $3,528,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Net Worth Advisory Group acquired a new stake in Microsoft during the 3rd quarter worth approximately $2,645,000. Adamsbrown Wealth Consultants LLC increased its position in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC raised its stake in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after acquiring an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management purchased a new stake in Microsoft during the 3rd quarter worth $3,314,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of Microsoft stock traded up $7.10 during trading hours on Friday, reaching $388.45. The company's stock had a trading volume of 23,826,330 shares, compared to its average volume of 21,242,894. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company's 50 day simple moving average is $391.89 and its 200 day simple moving average is $414.53. The stock has a market cap of $2.89 trillion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company earned $2.93 EPS. As a group, analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft's payout ratio is currently 26.73%.

Analyst Ratings Changes

Several research analysts have commented on MSFT shares. Piper Sandler reissued an "overweight" rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Stifel Nicolaus reduced their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Microsoft in a report 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $505.41.

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.