2 weeks Ago By ABMN Staff
Meredith Wealth Planning decreased its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 1.6% in the 4th quarter, HoldingsChannel.
com reports. The institutional investor owned 2,463 shares of the software giant’s stock after selling 40 shares during the quarter. Meredith Wealth Planning’s holdings in Microsoft were worth $1,038,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth about $38,000.
IFS Advisors LLC increased its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares in the last quarter.
Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter.
MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft in the 4th quarter valued at about $141,000.
Institutional investors own 71.13% of the company’s stock. Wall Street Analyst Weigh In Several research firms have recently commented on MSFT.
BMO Capital Markets decreased their price objective on Microsoft from $490.00 to $470.00 and set an “outperform” rating for the company in a report on Wednesday.
Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Piper Sandler reiterated an “overweight” rating and set a $520.
00 price objective on shares of Microsoft in a report on Monday, January 27th. 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, Mizuho decreased their price objective on Microsoft from $510.00 to $500.
00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average price target of $499.97. Microsoft Stock Performance Shares of MSFT opened at $367.
78 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.
35 and a quick ratio of 1.34. The firm has a market cap of $2.
73 trillion, a PE ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.
00. Microsoft Co. has a 1 year low of $344.
79 and a 1 year high of $468.35. The stock’s fifty day moving average price is $388.
25 and its two-hundred day moving average price is $412.73. Microsoft ( NASDAQ:MSFT – Get Free Report ) last announced its quarterly earnings data 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 in the previous year, the company posted $2.93 EPS.
On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend.
This represents a $3.32 annualized dividend and a yield of 0.90%.
The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.
About Microsoft ( 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. Read More 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. ( NASDAQ:MSFT – Free Report ). Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.
com's FREE daily email newsletter ..
