Fiduciary Financial Group LLC Acquires 373 Shares of Microsoft Co. (NASDAQ:MSFT)

Fiduciary Financial Group LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,309 shares of the software giant’s stock after acquiring an additional 373 shares during the period. Microsoft makes up 0.8% of Fiduciary Financial Group LLC’s investment portfolio, making the stock its 23rd largest holding. Fiduciary Financial Group LLC’s holdings in Microsoft were worth $3,900,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the last quarter. Quarry LP purchased a new stake in Microsoft during the second quarter valued at approximately $45,000. Avondale Wealth Management increased its holdings in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft during the fourth quarter valued at approximately $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 1.9 %

MSFT stock opened at $408.25 on Monday. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The company has a market capitalization of $3.03 trillion, a PE ratio of 32.87, a P/E/G ratio of 2.21 and a beta of 0.90. 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’s 50-day moving average is $425.20 and its 200 day moving average is $423.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 period in the previous year, the company earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. BMO Capital Markets dropped their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Finally, StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total value of $423,480.00. Following the completion of the transaction, the chief marketing officer now directly owns 56,511 shares of the company’s stock, valued at approximately $23,931,278.28. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 8,000 shares of company stock worth $3,493,820 over the last quarter. Insiders own 0.03% of the company’s stock.

About Microsoft

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.