Centennial Wealth Advisory LLC Acquires 229 Shares of Microsoft Co. (NASDAQ:MSFT)

Centennial Wealth Advisory LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,099 shares of the software giant’s stock after acquiring an additional 229 shares during the quarter. Microsoft accounts for about 0.8% of Centennial Wealth Advisory LLC’s portfolio, making the stock its 19th largest position. Centennial Wealth Advisory LLC’s holdings in Microsoft were worth $2,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC raised its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and boosted their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $508.86.

Microsoft Price Performance

MSFT opened at $382.14 on Thursday. The firm’s fifty day moving average price is $402.24 and its two-hundred day moving average price is $418.11. The company has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1 year low of $367.24 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft’s dividend payout ratio 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.