PBMares Wealth Management LLC Purchases 377 Shares of Microsoft Co. (NASDAQ:MSFT)

PBMares Wealth Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,375 shares of the software giant’s stock after acquiring an additional 377 shares during the quarter. Microsoft comprises approximately 1.2% of PBMares Wealth Management LLC’s holdings, making the stock its 19th largest position. PBMares Wealth Management LLC’s holdings in Microsoft were worth $5,638,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management grew its stake in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the 4th quarter worth $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 0.2 %

MSFT opened at $390.58 on Friday. The firm has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm’s 50-day simple moving average is $406.52 and its 200-day simple moving average is $419.25. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business earned $2.93 EPS. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Scotiabank started coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.