Secure Asset Management LLC Has $11.95 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Secure Asset Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,348 shares of the software giant’s stock after purchasing an additional 2,458 shares during the quarter. Microsoft comprises 1.8% of Secure Asset Management LLC’s portfolio, making the stock its 6th largest holding. Secure Asset Management LLC’s holdings in Microsoft were worth $11,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group bought a new stake in Microsoft during the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC lifted its holdings in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the last quarter. Jacobs & Co. CA lifted its holdings in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management acquired a new position in shares of Microsoft during the third quarter worth approximately $3,314,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Stifel Nicolaus cut their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $509.54.

Microsoft Price Performance

Shares of MSFT stock opened at $380.45 on Wednesday. The stock’s fifty day moving average is $414.68 and its 200-day moving average is $421.30. 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 stock has a market capitalization of $2.83 trillion, a PE ratio of 30.63, a PEG 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.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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 quarter in the previous year, the firm earned $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft’s dividend payout ratio is 26.73%.

Microsoft Company Profile

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.