Destiny Wealth Partners LLC Buys 1,168 Shares of Microsoft Co. (NASDAQ:MSFT)

Destiny Wealth Partners LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,102 shares of the software giant’s stock after acquiring an additional 1,168 shares during the period. Microsoft accounts for 1.9% of Destiny Wealth Partners LLC’s portfolio, making the stock its 13th largest position. Destiny Wealth Partners LLC’s holdings in Microsoft were worth $11,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MSFT. Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after buying an additional 652,493 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after acquiring an additional 406,940 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.5 %

Shares of MSFT opened at $395.16 on Wednesday. The firm has a market cap of $2.94 trillion, a P/E ratio of 31.82, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The stock’s 50 day moving average is $407.93 and its two-hundred day moving average is $419.53. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 company posted $2.93 EPS. Analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Mizuho reduced their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Morgan Stanley dropped their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.59.

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.