Microsoft Co. (NASDAQ:MSFT) is Red Door Wealth Management LLC’s 5th Largest Position

Red Door Wealth Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,388 shares of the software giant’s stock after buying an additional 4,155 shares during the period. Microsoft accounts for about 3.8% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Red Door Wealth Management LLC’s holdings in Microsoft were worth $25,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MSFT. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Beck Bode LLC lifted its holdings in shares of Microsoft by 37.3% during the 2nd quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock valued at $17,856,000 after purchasing an additional 10,847 shares during the last quarter. Caxton Associates LP lifted its holdings in shares of Microsoft by 80.8% during the 2nd quarter. Caxton Associates LP now owns 341,905 shares of the software giant’s stock valued at $152,814,000 after purchasing an additional 152,761 shares during the last quarter. Finally, Wick Capital Partners LLC purchased a new stake in shares of Microsoft during the 2nd quarter valued at $1,360,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSFT. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $509.54.

Microsoft Trading Up 0.1 %

MSFT opened at $380.45 on Wednesday. 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 company’s 50 day simple moving average is $414.68 and its two-hundred day simple moving average is $421.30. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

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 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 last year, the business posted $2.93 EPS. Analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft’s dividend payout ratio is currently 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.