Microsoft Co. (NASDAQ:MSFT) Shares Bought by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,302 shares of the software giant’s stock after buying an additional 97 shares during the period. Microsoft comprises about 3.3% of Cerro Pacific Wealth Advisors LLC’s portfolio, making the stock its 5th biggest holding. Cerro Pacific Wealth Advisors LLC’s holdings in Microsoft were worth $10,027,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSFT. FCG Investment Co increased its holdings in Microsoft by 10.1% in the 4th quarter. FCG Investment Co now owns 30,818 shares of the software giant’s stock worth $12,990,000 after purchasing an additional 2,817 shares in the last quarter. Lifestyle Asset Management Inc. increased its holdings in Microsoft by 6.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,344 shares of the software giant’s stock worth $566,000 after purchasing an additional 87 shares in the last quarter. Yeomans Consulting Group Inc. increased its stake in shares of Microsoft by 6.7% in the fourth quarter. Yeomans Consulting Group Inc. now owns 3,956 shares of the software giant’s stock valued at $1,667,000 after buying an additional 247 shares during the period. Spinnaker Investment Group LLC increased its stake in shares of Microsoft by 47.8% in the fourth quarter. Spinnaker Investment Group LLC now owns 72,185 shares of the software giant’s stock valued at $30,426,000 after buying an additional 23,352 shares during the period. Finally, Apeiron RIA LLC increased its stake in shares of Microsoft by 4.1% in the fourth quarter. Apeiron RIA LLC now owns 9,701 shares of the software giant’s stock valued at $4,089,000 after buying an additional 379 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $380.45 on Wednesday. The company has a market cap of $2.83 trillion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The business has a 50 day moving average price of $414.68 and a 200-day moving average price of $421.30. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 0.87%. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. DA Davidson reissued a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $509.54.

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.