Microsoft Co. (NASDAQ:MSFT) is Alta Wealth Advisors LLC’s 10th Largest Position

Alta Wealth Advisors LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,821 shares of the software giant’s stock after purchasing an additional 375 shares during the period. Microsoft makes up 2.0% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Alta Wealth Advisors LLC’s holdings in Microsoft were worth $4,561,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BCK Partners Inc. boosted its position in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Christopher J. Hasenberg Inc raised its position in Microsoft by 35.7% in the third 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. Sequent Asset Management LLC lifted its stake in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC boosted its position in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares during the period. Finally, Riverstone Advisors LLC grew its stake in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.5 %

NASDAQ MSFT opened at $393.08 on Tuesday. The company has a market capitalization of $2.92 trillion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. 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’s fifty day simple moving average is $408.34 and its 200-day simple moving average is $419.63.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm posted $2.93 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSFT. Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

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.