Microsoft Co. (NASDAQ:MSFT) Stock Position Raised by Accurate Wealth Management LLC

Accurate Wealth Management LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,467 shares of the software giant’s stock after acquiring an additional 1,269 shares during the period. Microsoft makes up approximately 2.0% of Accurate Wealth Management LLC’s portfolio, making the stock its 7th biggest holding. Accurate Wealth Management LLC’s holdings in Microsoft were worth $10,255,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the period. Quarry LP purchased a new stake in Microsoft during the second quarter worth $45,000. Avondale Wealth Management boosted its position in Microsoft by 144.4% during the fourth 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 Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft during the 4th quarter worth $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSFT. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total transaction of $423,480.00. Following the transaction, the chief marketing officer now directly owns 56,511 shares in the company, valued at $23,931,278.28. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 8,000 shares of company stock worth $3,493,820. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 1.9 %

Shares of NASDAQ:MSFT opened at $408.25 on Monday. The firm has a market cap of $3.03 trillion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a fifty day simple moving average of $425.20 and a 200 day simple moving average of $423.04. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its 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 period in the prior year, the company posted $2.93 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

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.