Microsoft Co. (NASDAQ:MSFT) Shares Bought by Lorne Steinberg Wealth Management Inc.

Lorne Steinberg Wealth Management Inc. raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,499 shares of the software giant’s stock after acquiring an additional 172 shares during the period. Microsoft comprises about 3.5% of Lorne Steinberg Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Lorne Steinberg Wealth Management Inc.’s holdings in Microsoft were worth $12,012,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MSFT. Callahan Advisors LLC lifted its holdings in shares of Microsoft by 6.0% in the fourth quarter. Callahan Advisors LLC now owns 123,014 shares of the software giant’s stock valued at $51,850,000 after purchasing an additional 6,953 shares in the last quarter. Schubert & Co lifted its stake in Microsoft by 12.9% in the 4th quarter. Schubert & Co now owns 1,615 shares of the software giant’s stock valued at $681,000 after acquiring an additional 184 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Microsoft by 22.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 269,019 shares of the software giant’s stock worth $113,392,000 after acquiring an additional 48,946 shares in the last quarter. Proactive Wealth Strategies LLC lifted its position in shares of Microsoft by 3.9% in the fourth quarter. Proactive Wealth Strategies LLC now owns 9,102 shares of the software giant’s stock worth $3,837,000 after purchasing an additional 341 shares in the last quarter. Finally, Creative Capital Management Investments LLC boosted its holdings in Microsoft by 12.2% during the fourth quarter. Creative Capital Management Investments LLC now owns 3,893 shares of the software giant’s stock worth $1,641,000 after purchasing an additional 424 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

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 firm has a 50-day moving average price of $387.26 and a two-hundred day moving average price of $412.30. The company has a market capitalization of $2.67 trillion, a P/E ratio of 28.91, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 previous year, the firm posted $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several equities research analysts have commented on MSFT shares. Mizuho cut their price target 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. UBS Group reduced their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. 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. Scotiabank initiated coverage on Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective on the stock. Finally, DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $497.63.

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.