Magnolia Capital Advisors LLC Has $3.32 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Magnolia Capital Advisors LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,877 shares of the software giant’s stock after selling 31 shares during the quarter. Microsoft makes up approximately 1.7% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 14th largest position. Magnolia Capital Advisors LLC’s holdings in Microsoft were worth $3,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Net Worth Advisory Group acquired a new position in shares of Microsoft in the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the period. Campbell Wealth Management acquired a new position in Microsoft in the 3rd quarter valued at $3,314,000. Finally, Evernest Financial Advisors LLC increased its position in 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 buying an additional 42,778 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MSFT shares. Stifel Nicolaus decreased their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Trading Down 3.0 %

Shares of MSFT stock opened at $378.80 on Friday. The stock has a fifty day simple moving average of $405.52 and a two-hundred day simple moving average of $418.97. Microsoft Co. has a 52-week low of $376.91 and a 52-week high of $468.35. The firm 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 company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $2.93 earnings per share. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced 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 (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.