Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Affinity Wealth Management LLC

Affinity Wealth Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,288 shares of the software giant’s stock after buying an additional 46 shares during the quarter. Microsoft comprises approximately 2.5% of Affinity Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. Affinity Wealth Management LLC’s holdings in Microsoft were worth $14,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Net Worth Advisory Group purchased a new stake in shares of Microsoft during the 3rd quarter worth about $2,645,000. Oak Ridge Investments LLC increased its position 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 purchasing an additional 18,544 shares in the last quarter. Jacobs & Co. CA raised its position in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. Focus Financial Network Inc. raised its holdings in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Campbell Wealth Management purchased a new position in Microsoft during the third quarter worth approximately $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

MSFT opened at $388.56 on Friday. The stock has a market cap of $2.89 trillion, a PE ratio of 31.29, 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. The stock’s 50 day simple moving average is $412.43 and its 200-day simple moving average is $420.59. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the business earned $2.93 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MSFT shares. UBS Group decreased their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Mizuho lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and upped their price target for the stock from $425.00 to $450.00 in a report on Thursday. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Company 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.