Microsoft Co. (NASDAQ:MSFT) Stock Holdings Increased by Boit C F David

Boit C F David increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,804 shares of the software giant’s stock after purchasing an additional 100 shares during the quarter. Microsoft makes up approximately 6.7% of Boit C F David’s holdings, making the stock its 2nd largest holding. Boit C F David’s holdings in Microsoft were worth $13,405,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Abundance Wealth Counselors grew its stake in Microsoft by 2.5% in the 4th quarter. Abundance Wealth Counselors now owns 21,136 shares of the software giant’s stock worth $8,909,000 after acquiring an additional 521 shares during the period. Brio Consultants LLC boosted its holdings in shares of Microsoft by 16.0% during the fourth quarter. Brio Consultants LLC now owns 3,388 shares of the software giant’s stock worth $1,428,000 after purchasing an additional 468 shares during the last quarter. Independence Bank of Kentucky grew its position in shares of Microsoft by 51.0% in the fourth quarter. Independence Bank of Kentucky now owns 67,569 shares of the software giant’s stock valued at $28,480,000 after purchasing an additional 22,817 shares during the period. OFC Financial Planning LLC acquired a new position in Microsoft in the fourth quarter valued at $1,585,000. Finally, SeaBridge Investment Advisors LLC increased its stake in Microsoft by 3.6% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 41,865 shares of the software giant’s stock valued at $17,646,000 after purchasing an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent analyst reports. DA Davidson upgraded 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. Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Mizuho dropped their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. Finally, StockNews.com cut shares of 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Down 1.3 %

Shares of Microsoft stock opened at $389.97 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The business has a 50-day moving average of $407.20 and a 200-day moving average of $419.45. The company has a market capitalization of $2.90 trillion, a PE ratio of 31.40, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 posted $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

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.