Rockline Wealth Management LLC Has $23.10 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Rockline Wealth Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,806 shares of the software giant’s stock after purchasing an additional 1,210 shares during the quarter. Microsoft comprises about 6.2% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Rockline Wealth Management LLC’s holdings in Microsoft were worth $23,101,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on MSFT shares. UBS Group cut their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Scotiabank assumed coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 target price for the company. Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Thursday, March 20th. Finally, DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Performance

Shares of MSFT opened at $378.80 on Monday. 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 12 month low of $376.91 and a 12 month high of $468.35. The company’s fifty day moving average is $405.52 and its 200-day moving average is $419.10. The firm has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 last year, the company earned $2.93 EPS. Equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 annualized dividend and a yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is currently 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.