GSB Wealth Management LLC Purchases 86 Shares of Microsoft Co. (NASDAQ:MSFT)

GSB Wealth Management LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,565 shares of the software giant’s stock after acquiring an additional 86 shares during the quarter. Microsoft comprises about 1.9% of GSB Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. GSB Wealth Management LLC’s holdings in Microsoft were worth $7,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Net Worth Advisory Group bought a new position in Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC grew its position in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Jacobs & Co. CA increased its holdings in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after purchasing an additional 880 shares during the period. Focus Financial Network Inc. raised its position 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 valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management bought a new stake in shares of Microsoft in the third quarter valued at about $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Loop Capital boosted their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday. Finally, Stifel Nicolaus dropped their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.43.

Microsoft Stock Performance

Microsoft stock opened at $388.56 on Friday. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The stock has a 50-day simple moving average of $412.43 and a 200 day simple moving average of $420.55. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last announced 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 in the prior year, the firm earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is 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.