Wagner Wealth Management LLC Increases Stake in Microsoft Co. (NASDAQ:MSFT)

Wagner Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,930 shares of the software giant’s stock after buying an additional 343 shares during the period. Microsoft comprises about 1.0% of Wagner Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. Wagner Wealth Management LLC’s holdings in Microsoft were worth $3,764,000 at the end of the most recent reporting period.

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

Microsoft Stock Down 0.9 %

MSFT opened at $354.56 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock has a market capitalization of $2.64 trillion, a P/E ratio of 28.55, a P/E/G ratio of 2.21 and a beta of 1.00. The business has a 50 day simple moving average of $393.94 and a 200-day simple moving average of $415.52.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the company earned $2.93 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Westpark Capital started coverage on Microsoft in a report on Tuesday, April 1st. They set a “hold” rating on the stock. Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Scotiabank initiated coverage on Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $508.00.

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.