1 week Ago By Defense World Staff
Blackston Financial Advisory Group LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 9.2% during the 4th quarter, according to its most recent disclosure with the SEC.
The fund owned 11,255 shares of the software giant’s stock after purchasing an additional 949 shares during the period. Microsoft comprises approximately 2.4% of Blackston Financial Advisory Group LLC’s portfolio, making the stock its 12th biggest holding.
Blackston Financial Advisory Group LLC’s holdings in Microsoft were worth $4,744,000 at the end of the most recent quarter. A number of other hedge funds have also made changes to their positions in MSFT. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.
0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Microsoft by 4.
1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its stake in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Microsoft by 1.
1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares in the last quarter.
Finally, Fisher Asset Management LLC grew its holdings in shares of Microsoft by 2.3% during the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after buying an additional 636,713 shares in the last quarter.
Hedge funds and other institutional investors own 71.13% of the company’s stock. Microsoft Stock PerformanceMicrosoft stock opened at $391.
85 on Friday. The firm has a market capitalization of $2.91 trillion, a PE ratio of 31.
55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Microsoft Co. has a one year low of $344.79 and a one year high of $468.
35. The stock’s 50 day moving average price is $384.93 and its 200 day moving average price is $411.
39. 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 (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, January 29th.
The software giant reported $3.23 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 quarter in the previous year, the company earned $2.93 EPS.
As a group, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 annualized dividend and a dividend yield of 0.
85%. Microsoft’s dividend payout ratio is presently 26.73%.
Analysts Set New Price TargetsSeveral brokerages recently issued reports on MSFT. Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.
00 and gave the company a “buy” rating in a research note on Thursday, March 20th. 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 note on Friday, March 7th. Morgan Stanley lowered their price objective on Microsoft from $530.00 to $472.
00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Bank of America reduced their target price on Microsoft from $510.00 to $480.
00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $475.00 price target (down from $500.
00) on shares of Microsoft in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $493.
89.Check Out Our Latest Research Report on MicrosoftMicrosoft 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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