LCM Capital Management Inc Has $8.74 Million Position in Microsoft Co. (NASDAQ:MSFT)

LCM Capital Management Inc grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,725 shares of the software giant’s stock after purchasing an additional 197 shares during the period. Microsoft makes up about 4.9% of LCM Capital Management Inc’s portfolio, making the stock its 6th biggest position. LCM Capital Management Inc’s holdings in Microsoft were worth $8,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its position in shares of 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 buying an additional 35 shares during the period. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter valued at $141,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.0 %

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

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSFT. Jefferies Financial Group lowered their target price on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating for the company in a report on Monday. Westpark Capital began coverage on shares of Microsoft in a research note on Tuesday. They set a “hold” rating on the stock. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Thursday, March 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Four equities research 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $508.86.

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.