Microsoft Co. (NASDAQ:MSFT) is Sunpointe LLC’s 6th Largest Position

Sunpointe LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,170 shares of the software giant’s stock after acquiring an additional 142 shares during the period. Microsoft makes up about 3.2% of Sunpointe LLC’s portfolio, making the stock its 6th largest holding. Sunpointe LLC’s holdings in Microsoft were worth $6,394,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management raised its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft in the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $374.58 on Thursday. The firm has a fifty day moving average of $385.70 and a two-hundred day moving average of $411.70. 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 stock has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 earned $2.93 EPS. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MSFT shares. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Wedbush decreased their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Finally, Barclays cut their target price on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $494.80.

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.