Microsoft Co. (NASDAQ:MSFT) Shares Bought by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,171 shares of the software giant’s stock after buying an additional 901 shares during the period. Microsoft accounts for approximately 2.7% of Palumbo Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Palumbo Wealth Management LLC’s holdings in Microsoft were worth $7,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management boosted its position in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter worth about $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MSFT shares. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. BMO Capital Markets dropped their price target on shares of Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research note on Wednesday. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research note on Thursday. Five research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $499.97.

Microsoft Stock Down 1.0 %

Shares of NASDAQ:MSFT opened at $367.78 on Friday. The company has a 50 day moving average of $389.13 and a 200-day moving average of $413.21. 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 one year low of $344.79 and a one year high of $468.35. The stock has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Microsoft 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.