Keudell Morrison Wealth Management Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Keudell Morrison Wealth Management grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,711 shares of the software giant’s stock after buying an additional 230 shares during the period. Microsoft accounts for 2.2% of Keudell Morrison Wealth Management’s portfolio, making the stock its 13th biggest holding. Keudell Morrison Wealth Management’s holdings in Microsoft were worth $8,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp lifted 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 acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB raised its stake in Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after purchasing an additional 49,735 shares during the period. Gill Capital Partners LLC boosted its stake in Microsoft by 3.4% in the 3rd quarter. Gill Capital Partners LLC now owns 7,175 shares of the software giant’s stock worth $3,087,000 after purchasing an additional 234 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Microsoft by 3.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 26,460 shares of the software giant’s stock valued at $11,386,000 after buying an additional 797 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Scotiabank started coverage on Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Finally, DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Performance

MSFT stock opened at $393.08 on Tuesday. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.21 and a beta of 0.92. The business’s fifty day simple moving average is $408.34 and its two-hundred day simple moving average is $419.63. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm posted $2.93 EPS. Analysts predict that Microsoft Co. will post 13.08 earnings per share for the current 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. 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 0.84%. Microsoft’s 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.