Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,989 shares of the software giant’s stock after acquiring an additional 654 shares during the quarter. Microsoft comprises 1.2% of Weaver Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Weaver Capital Management LLC’s holdings in Microsoft were worth $4,210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Net Worth Advisory Group acquired a new position in Microsoft in the 3rd quarter valued at $2,645,000. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased its stake in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the period. Focus Financial Network Inc. raised its holdings in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Campbell Wealth Management acquired a new stake in Microsoft in the third quarter valued at about $3,314,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. Jefferies Financial Group dropped their price objective on Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Scotiabank initiated coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. Finally, Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Trading Up 1.8 %

Shares of Microsoft stock opened at $382.19 on Wednesday. The firm has a market cap of $2.84 trillion, a PE ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. 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 fifty-two week low of $367.24 and a fifty-two week high of $468.35. The business’s fifty day moving average is $403.52 and its two-hundred day moving average is $418.45.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $2.93 EPS. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 dividend on an annualized basis and a yield of 0.87%. Microsoft’s payout ratio is 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.