HHM Wealth Advisors LLC Has $10.31 Million Position in Microsoft Co. (NASDAQ:MSFT)

HHM Wealth Advisors LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,462 shares of the software giant’s stock after purchasing an additional 5,385 shares during the period. Microsoft accounts for 1.4% of HHM Wealth Advisors LLC’s portfolio, making the stock its 14th largest position. HHM Wealth Advisors LLC’s holdings in Microsoft were worth $10,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management boosted its position in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the third quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $141,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. UBS Group reduced their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and upped their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Scotiabank initiated coverage on Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective for the company. Finally, Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $378.80 on Friday. The company has a market capitalization of $2.82 trillion, a PE ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. The stock’s 50 day moving average price is $405.52 and its 200-day moving average price is $418.97. 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 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 results 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the firm posted $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, May 15th. 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.