Microsoft Co. (NASDAQ:MSFT) is Kingsview Wealth Management LLC’s 10th Largest Position

Kingsview Wealth Management LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 212,613 shares of the software giant’s stock after purchasing an additional 2,108 shares during the quarter. Microsoft comprises approximately 1.7% of Kingsview Wealth Management LLC’s holdings, making the stock its 10th largest holding. Kingsview Wealth Management LLC’s holdings in Microsoft were worth $89,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the period. International Assets Investment Management LLC lifted its position in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Jefferies Financial Group dropped their target price on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. Finally, Mizuho cut their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $359.84 on Monday. The firm’s 50 day moving average is $399.08 and its two-hundred day moving average is $417.18. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a PEG ratio of 2.21 and a beta of 1.00. 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 52 week low of $359.48 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 dividend yield of 0.92%. Microsoft’s dividend payout ratio is currently 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.