LCM Capital Management Inc Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

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

A number of other institutional investors also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft during the fourth quarter worth $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSFT. Scotiabank started coverage on Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price on the stock. Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Jefferies Financial Group reduced their price target on Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $508.86.

Microsoft Stock Down 0.0 %

Shares of NASDAQ MSFT opened at $382.14 on Thursday. Microsoft Co. has a 52-week low of $367.24 and a 52-week high of $468.35. The firm has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a PEG ratio of 2.21 and a beta of 0.92. The stock has a 50 day moving average price of $402.24 and a 200 day moving average price of $418.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared 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 of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

About Microsoft

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.