PMG Wealth Management Inc. Takes Position in Microsoft Co. (NASDAQ:MSFT)

PMG Wealth Management Inc. purchased a new position in Microsoft Co. (NASDAQ:MSFT – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.

The institutional investor purchased 8,720 shares of the software giant’s stock, valued at approximately $3,675,000. Microsoft makes up 3.3% of PMG Wealth Management Inc.



’s investment portfolio, making the stock its 13th largest holding. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Geode Capital Management LLC lifted its holdings in Microsoft by 2.

0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 4.

1% during the third 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 buying an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc.

raised its stake in shares of Microsoft by 1.4% in the third 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 acquiring an additional 652,493 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Microsoft by 1.

1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after acquiring an additional 406,940 shares in the last quarter.

Finally, Fisher Asset Management LLC grew its position in Microsoft by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after acquiring an additional 636,713 shares during the last quarter.

Institutional investors own 71.13% of the company’s stock. Microsoft Stock Up 1.

2 %Shares of NASDAQ:MSFT opened at $391.85 on Friday. The company has a 50 day moving average price of $384.

93 and a two-hundred day moving average price of $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.

The company has a market capitalization of $2.91 trillion, a PE ratio of 31.55, a PEG ratio of 2.

21 and a beta of 1.00. 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 released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 period in the previous year, the company posted $2.

93 earnings per share. Analysts forecast that Microsoft Co. will post 13.

08 earnings per share for the current year. Microsoft Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.

83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.

85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.

73%. Wall Street Analysts Forecast GrowthA number of equities analysts have commented on the company. BMO Capital Markets reduced 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. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th.

Bank of America lowered their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th.

Wedbush reduced their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th.

Finally, Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th.

Five investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.

89.Get Our Latest Stock 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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