Microsoft Co. (NASDAQ:MSFT) Stock Holdings Boosted by McBroom & Associates LLC

McBroom & Associates LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,790 shares of the software giant’s stock after buying an additional 712 shares during the quarter. Microsoft makes up 4.7% of McBroom & Associates LLC’s holdings, making the stock its 10th biggest holding. McBroom & Associates LLC’s holdings in Microsoft were worth $8,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA Asset Management Corp increased its position in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. AMF Tjanstepension AB raised its position in Microsoft by 1.8% in the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after purchasing an additional 49,735 shares during the period. Discipline Wealth Solutions LLC lifted its stake in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after buying an additional 49,288 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT stock opened at $381.35 on Friday. The company has a market cap of $2.83 trillion, a P/E ratio of 30.70, a PEG ratio of 2.21 and a beta of 1.00. The business has a 50 day moving average of $392.37 and a two-hundred day moving average of $414.81. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the company posted $2.93 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.87%. Microsoft’s payout ratio is 26.73%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Westpark Capital began coverage on shares of Microsoft in a research note on Tuesday, April 1st. They set a “hold” rating on the stock. Mizuho lowered their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $505.41.

Microsoft 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.