Spectrum Wealth Advisory Group LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Spectrum Wealth Advisory Group LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 32.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,775 shares of the software giant’s stock after buying an additional 929 shares during the quarter. Microsoft comprises 0.8% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 21st largest position. Spectrum Wealth Advisory Group LLC’s holdings in Microsoft were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew 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 purchasing an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 buying an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Microsoft by 1.4% during 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 buying an additional 652,493 shares in the last quarter. Franklin Resources Inc. raised its stake in 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 buying an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after acquiring an additional 636,713 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent analyst reports. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Wedbush dropped their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating for the company. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and upped their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $475.00 target price (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $499.97.

Microsoft Stock Performance

NASDAQ:MSFT opened at $367.78 on Friday. The stock has a 50-day moving average price of $388.25 and a 200 day moving average price of $412.78. The stock has a market capitalization of $2.73 trillion, a P/E ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. 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 (NASDAQ:MSFT) last announced 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company posted $2.93 earnings per share. Equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft’s 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.