Hudock Inc. Has $5.26 Million Position in Microsoft Co. (NASDAQ:MSFT)

Hudock Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,478 shares of the software giant’s stock after selling 226 shares during the quarter. Microsoft accounts for about 0.9% of Hudock Inc.’s holdings, making the stock its 23rd biggest position. Hudock Inc.’s holdings in Microsoft were worth $5,260,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the 4th quarter valued at $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Wedbush reduced their target price on Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $505.41.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $388.45 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business’s fifty day moving average price is $391.89 and its two-hundred day moving average price is $414.41. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

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 business posted $2.93 EPS. As a group, analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.