Philip James Wealth Mangement LLC Buys 230 Shares of Microsoft Co. (NASDAQ:MSFT)

Philip James Wealth Mangement LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 13.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,987 shares of the software giant’s stock after acquiring an additional 230 shares during the period. Philip James Wealth Mangement LLC’s holdings in Microsoft were worth $838,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BCK Partners Inc. lifted its stake in shares of 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 increased its stake in Microsoft by 0.5% in the 4th 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 lifted its position in Microsoft by 1.3% in 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 during the last quarter. Cypress Point Wealth Management LLC boosted its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the period. Finally, Riverstone Advisors LLC grew its holdings in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MSFT shares. Wells Fargo & Company dropped their price target on shares of Microsoft from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Loop Capital increased their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $475.00 price objective (down previously from $500.00) on shares of Microsoft in a report on Monday, April 7th. Finally, KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $499.97.

Microsoft Stock Performance

Shares of MSFT opened at $367.78 on Friday. The company 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. The business’s fifty day simple moving average is $388.25 and its two-hundred day simple moving average is $412.73. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business posted $2.93 earnings per share. Research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders 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 is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

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.