Atlantic Edge Private Wealth Management LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

Atlantic Edge Private Wealth Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,331 shares of the software giant’s stock after buying an additional 51 shares during the quarter. Microsoft makes up about 1.7% of Atlantic Edge Private Wealth Management LLC’s investment portfolio, making the stock its 14th largest holding. Atlantic Edge Private Wealth Management LLC’s holdings in Microsoft were worth $5,619,000 as of its most recent SEC filing.

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

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $381.35 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.21 and a beta of 1.00. The firm has a fifty day moving average price of $392.37 and a 200 day moving average price of $414.81. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

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 analysts’ consensus estimates 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 quarter last year, the business earned $2.93 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Westpark Capital began coverage on Microsoft in a report on Tuesday, April 1st. They issued a “hold” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. Finally, Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $505.41.

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.