Wheelhouse Advisory Group LLC Has $1.02 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Wheelhouse Advisory Group LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,422 shares of the software giant’s stock after purchasing an additional 111 shares during the quarter. Microsoft accounts for approximately 0.6% of Wheelhouse Advisory Group LLC’s holdings, making the stock its 19th largest holding. Wheelhouse Advisory Group LLC’s holdings in Microsoft were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% in the first 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. boosted its stake in Microsoft by 0.3% in 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 period. Beck Bode LLC grew its holdings in Microsoft by 37.3% in the 2nd quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock valued at $17,856,000 after buying an additional 10,847 shares in the last quarter. Goodman Advisory Group LLC increased its position in Microsoft by 12.5% during the 2nd quarter. Goodman Advisory Group LLC now owns 28,391 shares of the software giant’s stock worth $12,689,000 after buying an additional 3,153 shares during the period. Finally, Texas Capital Bancshares Inc TX boosted its position in shares of Microsoft by 3.9% in the second quarter. Texas Capital Bancshares Inc TX now owns 5,415 shares of the software giant’s stock valued at $2,420,000 after acquiring an additional 204 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

MSFT stock opened at $378.77 on Friday. The company has a market capitalization of $2.82 trillion, a P/E ratio of 30.50, 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 simple moving average of $413.12 and a two-hundred day simple moving average of $420.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 posted $2.93 EPS. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Loop Capital boosted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Stifel Nicolaus reduced their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the stock from $425.00 to $450.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.43.

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.