KG&L Capital Management LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

KG&L Capital Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,142 shares of the software giant’s stock after acquiring an additional 3,258 shares during the quarter. Microsoft comprises 3.3% of KG&L Capital Management LLC’s investment portfolio, making the stock its 7th largest position. KG&L Capital Management LLC’s holdings in Microsoft were worth $10,174,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MSFT shares. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. UBS Group cut their price target 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. Finally, Tigress Financial raised their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Three 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, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $389.97 on Thursday. The stock has a market cap of $2.90 trillion, a P/E ratio of 31.40, a P/E/G ratio of 2.21 and a beta of 0.92. The firm’s 50-day simple moving average is $407.20 and its 200 day simple moving average is $419.45. Microsoft Co. has a fifty-two week low of $376.91 and a fifty-two week 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 announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 period last year, the business earned $2.93 earnings per share. Equities analysts expect that Microsoft Co. will post 13.08 EPS 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 given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 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.