Microsoft Co. (NASDAQ:MSFT) is Cornerstone Wealth Group LLC’s 7th Largest Position

Cornerstone Wealth Group LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,906 shares of the software giant’s stock after purchasing an additional 3,276 shares during the quarter. Microsoft makes up about 2.4% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 7th biggest position. Cornerstone Wealth Group LLC’s holdings in Microsoft were worth $29,044,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. IFS Advisors LLC grew its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management increased its position in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.0 %

MSFT stock opened at $388.70 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $411.64 and a 200-day simple moving average of $420.49. The company has a market capitalization of $2.89 trillion, a P/E ratio of 31.30, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share 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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and boosted their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.43.

Microsoft 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.