Keener Financial Planning LLC Purchases 328 Shares of Microsoft Co. (NASDAQ:MSFT)

Keener Financial Planning LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,974 shares of the software giant’s stock after buying an additional 328 shares during the quarter. Microsoft accounts for 0.7% of Keener Financial Planning LLC’s portfolio, making the stock its 10th largest position. Keener Financial Planning LLC’s holdings in Microsoft were worth $1,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. BCK Partners Inc. lifted its holdings in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Muirfield Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC grew its position in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC raised its stake in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC lifted its holdings in shares of Microsoft by 0.6% during the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.9 %

Shares of MSFT stock opened at $388.45 on Friday. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.28, 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. 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 company has a 50-day simple moving average of $391.89 and a two-hundred day simple moving average of $414.53.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 business earned $2.93 EPS. Research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Tigress Financial upped 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. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.