Microsoft Co. (NASDAQ:MSFT) is BKM Wealth Management LLC’s 3rd Largest Position

BKM Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,822 shares of the software giant’s stock after purchasing an additional 2,172 shares during the quarter. Microsoft makes up approximately 4.6% of BKM Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. BKM Wealth Management LLC’s holdings in Microsoft were worth $11,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC boosted its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Oak Ridge Investments LLC raised its holdings in Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares in the last quarter. Campbell Wealth Management bought a new position in shares of Microsoft in the 3rd quarter worth about $3,314,000. Finally, Centric Wealth Management boosted its stake in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after acquiring an additional 112 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. BMO Capital Markets cut their target price on Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. UBS Group dropped their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Bank of America cut their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.63.

Microsoft Stock Down 2.4 %

Shares of NASDAQ MSFT opened at $359.12 on Tuesday. 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. The firm’s 50-day moving average price is $387.26 and its 200-day moving average price is $412.30. The stock has a market capitalization of $2.67 trillion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 firm earned $2.93 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 0.92%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 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.