2 weeks Ago By ABMN Staff
Lorne Steinberg Wealth Management Inc. grew its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 0.
6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,499 shares of the software giant’s stock after acquiring an additional 172 shares during the quarter. Microsoft accounts for approximately 3.
5% of Lorne Steinberg Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest position. Lorne Steinberg Wealth Management Inc.
’s holdings in Microsoft were worth $12,012,000 as of its most recent SEC filing. A number of other hedge funds also recently made changes to their positions in the stock. Fiduciary Advisors Inc.
bought a new stake in shares of Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC grew its holdings in 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 acquiring an additional 35 shares during the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% in the 4th quarter.
Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the third quarter valued at $62,000.
Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft in the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In MSFT has been the topic of several recent research reports. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th.
BMO Capital Markets cut their price objective on Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th.
Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th.
UBS Group dropped their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.
Finally, Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective for the company.
Five equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $497.63.
Microsoft Trading Down 2.4 % NASDAQ MSFT opened at $359.12 on Tuesday.
The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.
13. The firm has a market capitalization of $2.67 trillion, a P/E ratio of 28.
91, a PEG ratio of 2.21 and a beta of 1.00.
The business has a fifty day simple moving average of $387.26 and a 200 day simple moving average of $412.30.
Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.
35. Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.
23 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $2.93 EPS. On average, 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.
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 dividend on an annualized basis and a yield of 0.92%.
Microsoft’s dividend payout ratio (DPR) is currently 26.73%. 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. See Also Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co.
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