Comprehensive Financial Consultants Institutional Inc. Acquires 318 Shares of Microsoft Co. (NASDAQ:MSFT)

Comprehensive Financial Consultants Institutional Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,695 shares of the software giant’s stock after buying an additional 318 shares during the period. Microsoft comprises approximately 2.3% of Comprehensive Financial Consultants Institutional Inc.’s holdings, making the stock its 4th biggest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Microsoft were worth $6,194,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MSFT shares. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Trading Down 1.3 %

Shares of NASDAQ MSFT opened at $389.97 on Thursday. The business has a fifty day simple moving average of $407.20 and a 200-day simple moving average of $419.45. The company has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.40, a P/E/G 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 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 data on Wednesday, January 29th. The software giant reported $3.23 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 quarter last year, the firm earned $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. 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.