KFG Wealth Management LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

KFG Wealth Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,543 shares of the software giant’s stock after purchasing an additional 51 shares during the period. KFG Wealth Management LLC’s holdings in Microsoft were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp increased its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares in the last quarter. IMS Capital Management raised its stake in Microsoft by 1.1% in the second quarter. IMS Capital Management now owns 22,222 shares of the software giant’s stock worth $9,440,000 after buying an additional 241 shares in the last quarter. Advisory Alpha LLC raised its holdings in Microsoft by 16.9% in the second quarter. Advisory Alpha LLC now owns 26,048 shares of the software giant’s stock worth $11,643,000 after purchasing an additional 3,773 shares in the last quarter. Finally, Ted Buchan & Co acquired a new stake in Microsoft in the second quarter valued at approximately $2,566,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 2.6 %

MSFT stock opened at $388.56 on Friday. The firm has a 50 day simple moving average of $412.43 and a 200 day simple moving average of $420.59. The firm 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. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. 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 (NASDAQ:MSFT) last issued its earnings results 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 period last year, the company posted $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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 is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Loop Capital upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Stifel Nicolaus lowered their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Three research 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.com, Microsoft currently has an average rating of “Moderate Buy” and an average 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.