WealthPLAN Partners LLC Has $8.66 Million Stake in Microsoft Co. (NASDAQ:MSFT)

WealthPLAN Partners LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,556 shares of the software giant's stock after purchasing an additional 730 shares during the period. Microsoft comprises approximately 1.2% of WealthPLAN Partners LLC's holdings, making the stock its 19th largest position. WealthPLAN Partners LLC's holdings in Microsoft were worth $8,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BCK Partners Inc. grew its holdings in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after acquiring an additional 24 shares during the last quarter. Muirfield Wealth Advisors LLC lifted its position in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Sequent Asset Management LLC grew its stake in shares of Microsoft by 1.3% during the third 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 during the last quarter. Cypress Point Wealth Management LLC increased its holdings in shares of Microsoft by 0.8% in 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 purchasing an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC raised its position in Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant's stock worth $1,941,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ:MSFT traded down $3.83 during mid-day trading on Friday, hitting $367.78. The stock had a trading volume of 20,940,221 shares, compared to its average volume of 21,277,339. The company's 50 day simple moving average is $389.13 and its 200 day simple moving average is $413.21. The stock has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, 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 twelve month low of $344.79 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 EPS. On average, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.90%. Microsoft's payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group reiterated a "buy" rating and issued a $475.00 price objective (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday. Westpark Capital initiated coverage on Microsoft in a report on Tuesday, April 1st. They set a "hold" rating for the company. UBS Group cut their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday. Five analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $499.97.

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.