Bridgewealth Advisory Group LLC Has $1.12 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Bridgewealth Advisory Group LLC increased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 38.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,986 shares of the software giant’s stock after buying an additional 835 shares during the period. Microsoft accounts for 0.9% of Bridgewealth Advisory Group LLC’s holdings, making the stock its 28th largest position. Bridgewealth Advisory Group LLC’s holdings in Microsoft were worth $1,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. International Assets Investment Management LLC bought a new position in Microsoft in the fourth quarter valued at approximately $9,625,201,000. FMR LLC increased its stake in Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. Cerity Partners LLC increased its stake in Microsoft by 277.8% in the fourth quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock valued at $2,633,912,000 after acquiring an additional 5,150,160 shares during the last quarter. Barclays PLC increased its stake in Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after acquiring an additional 2,456,190 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Microsoft during the 4th quarter valued at $679,928,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.1 %

Microsoft stock opened at $415.13 on Friday. The firm has a 50 day moving average of $416.30 and a 200 day moving average of $400.74. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 35.94, a P/E/G ratio of 2.27 and a beta of 0.89. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period in the prior year, the firm posted $2.45 EPS. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft’s payout ratio is 25.97%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company raised their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Macquarie lifted their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $457.91.

View Our Latest Research Report on Microsoft

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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