Weinberger Asset Management Inc Raises Position in Microsoft Co. (NASDAQ:MSFT)

Weinberger Asset Management Inc boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 10.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,823 shares of the software giant’s stock after buying an additional 179 shares during the quarter. Weinberger Asset Management Inc’s holdings in Microsoft were worth $768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its stake in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after buying an additional 2,138 shares during the period. Swedbank AB lifted its position in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC increased its holdings in Microsoft by 1.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock worth $3,334,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.3 %

Shares of MSFT opened at $395.26 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm has a 50 day moving average price of $383.76 and a 200-day moving average price of $410.91. The firm has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 26.73%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Piper Sandler cut their target price on shares of Microsoft from $520.00 to $435.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Mizuho decreased their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $493.89.

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.