Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Pflug Koory LLC

Pflug Koory LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,133 shares of the software giant’s stock after acquiring an additional 47 shares during the quarter. Microsoft makes up about 3.4% of Pflug Koory LLC’s portfolio, making the stock its 4th biggest position. Pflug Koory LLC’s holdings in Microsoft were worth $6,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PCG Wealth Advisors LLC boosted its holdings in shares of Microsoft by 2.8% in the 4th quarter. PCG Wealth Advisors LLC now owns 6,850 shares of the software giant’s stock valued at $2,887,000 after buying an additional 188 shares in the last quarter. Cornerstone Wealth Advisors Inc. boosted its stake in Microsoft by 13.3% in the fourth quarter. Cornerstone Wealth Advisors Inc. now owns 851 shares of the software giant’s stock valued at $359,000 after acquiring an additional 100 shares in the last quarter. Atlas Private Wealth Advisors grew its holdings in Microsoft by 1.3% in the fourth quarter. Atlas Private Wealth Advisors now owns 17,983 shares of the software giant’s stock worth $7,581,000 after purchasing an additional 228 shares during the last quarter. Eclectic Associates Inc. ADV increased its position in shares of Microsoft by 10.4% during the fourth quarter. Eclectic Associates Inc. ADV now owns 4,081 shares of the software giant’s stock worth $1,720,000 after purchasing an additional 384 shares in the last quarter. Finally, Gradient Investments LLC lifted its holdings in shares of Microsoft by 22.7% during the 4th quarter. Gradient Investments LLC now owns 239,558 shares of the software giant’s stock valued at $100,974,000 after purchasing an additional 44,333 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

NASDAQ MSFT opened at $378.77 on Friday. The company has a market cap of $2.82 trillion, a P/E ratio of 30.50, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The company has a fifty day simple moving average of $413.12 and a 200 day simple moving average of $420.77.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 last year, the firm posted $2.93 EPS. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s payout ratio is 26.73%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $425.00 to $450.00 in a research note on Thursday. Finally, Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $510.43.

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.