Turning Point Benefit Group Inc. purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,231 shares of the software giant's stock, valued at approximately $931,000. Microsoft comprises approximately 0.9% of Turning Point Benefit Group Inc.'s portfolio, making the stock its 16th largest position.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% during 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 during the last quarter. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the fourth quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Price Performance
Microsoft stock opened at $391.85 on Monday. The stock's 50 day moving average price is $384.93 and its two-hundred day moving average price is $411.34. The stock has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.21 and a beta of 1.00. 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 52-week low of $344.79 and a 52-week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 prior year, the company earned $2.93 earnings per share. On average, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Dividend Announcement
The company also recently declared 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 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MSFT. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Piper Sandler dropped their price objective on shares of Microsoft from $520.00 to $435.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Morgan Stanley cut their price objective on Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $493.89.
Check Out Our Latest Report on MSFT
Microsoft Company Profile
(
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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