Level Wealth Management LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Level Wealth Management LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,753 shares of the software giant’s stock, valued at approximately $2,425,000. Microsoft accounts for 1.7% of Level Wealth Management LLC’s investment portfolio, making the stock its 8th largest position.

Several other institutional investors have also added to or reduced their stakes in the business. Net Worth Advisory Group purchased a new position in shares of Microsoft in the third quarter worth $2,645,000. Oak Ridge Investments LLC boosted its stake in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter. Campbell Wealth Management bought a new stake in Microsoft in the 3rd quarter worth approximately $3,314,000. Finally, Evernest Financial Advisors LLC raised its holdings in shares of Microsoft by 389.2% during the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after acquiring an additional 42,778 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $378.80 on Friday. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The stock’s fifty day moving average price is $405.52 and its 200-day moving average price is $418.97. The firm has a market cap of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results 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 period in the previous year, the firm posted $2.93 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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 issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Loop Capital boosted their price target 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. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

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.