Cornerstone Wealth Group LLC Acquires 3,276 Shares of Microsoft Co. (NASDAQ:MSFT)

Cornerstone Wealth Group LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 68,906 shares of the software giant’s stock after buying an additional 3,276 shares during the quarter. Microsoft accounts for 2.4% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 7th biggest position. Cornerstone Wealth Group LLC’s holdings in Microsoft were worth $29,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc grew its position in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. IFS Advisors LLC grew its holdings in Microsoft by 53.8% in 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 in the last quarter. Avondale Wealth Management increased its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the 4th quarter worth $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $510.43.

Microsoft Stock Up 0.0 %

MSFT opened at $388.70 on Tuesday. The company has a market capitalization of $2.89 trillion, a PE ratio of 31.30, a price-to-earnings-growth 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 fifty-two week low of $376.91 and a fifty-two week high of $468.35. The business has a 50-day moving average of $411.64 and a 200-day moving average of $420.49.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 firm earned $2.93 EPS. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

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.