Iams Wealth Management LLC Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Iams Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,068 shares of the software giant’s stock after acquiring an additional 669 shares during the quarter. Microsoft makes up 2.1% of Iams Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Iams Wealth Management LLC’s holdings in Microsoft were worth $4,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC lifted its stake in shares of Microsoft by 53.8% in the 4th 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 lifted its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $141,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of MSFT opened at $391.26 on Friday. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The stock has a market cap of $2.91 trillion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a fifty day moving average price of $408.82 and a 200 day moving average price of $419.65.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 previous year, the firm earned $2.93 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Scotiabank initiated coverage on Microsoft in a report on Thursday. They issued a “sector outperform” rating and a $470.00 target price for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.59.

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.