Turtle Creek Wealth Advisors LLC Acquires 4,684 Shares of Microsoft Co. (NASDAQ:MSFT)

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,995 shares of the software giant’s stock after buying an additional 4,684 shares during the quarter. Microsoft accounts for about 3.5% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 7th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Microsoft were worth $15,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Southern Capital Advisors LLC lifted its position in shares of Microsoft by 3.5% during the fourth quarter. Southern Capital Advisors LLC now owns 8,725 shares of the software giant’s stock worth $3,678,000 after purchasing an additional 293 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Microsoft by 0.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 34,896 shares of the software giant’s stock worth $14,709,000 after buying an additional 309 shares during the period. Hamilton Point Investment Advisors LLC lifted its holdings in Microsoft by 0.7% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 55,355 shares of the software giant’s stock worth $23,332,000 after buying an additional 368 shares in the last quarter. Country Trust Bank boosted its position in Microsoft by 1.9% in the 4th quarter. Country Trust Bank now owns 434,167 shares of the software giant’s stock valued at $183,001,000 after buying an additional 8,202 shares during the period. Finally, Alta Wealth Advisors LLC grew its stake in shares of Microsoft by 3.6% in the fourth quarter. Alta Wealth Advisors LLC now owns 10,821 shares of the software giant’s stock worth $4,561,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Scotiabank assumed coverage on shares of Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. UBS Group dropped their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Up 0.5 %

MSFT opened at $393.08 on Tuesday. The business has a 50 day moving average price of $408.34 and a two-hundred day moving average price of $419.63. Microsoft Co. has a 52 week low of $376.91 and a 52 week high of $468.35. The company has a market cap of $2.92 trillion, a PE ratio of 31.65, a P/E/G ratio of 2.21 and a beta of 0.92. 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 issued its quarterly earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm earned $2.93 earnings per share. As a group, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio is currently 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.