LMG Wealth Partners LLC Has $14.42 Million Position in Microsoft Co. (NASDAQ:MSFT)

LMG Wealth Partners LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 34,209 shares of the software giant’s stock after buying an additional 416 shares during the quarter. Microsoft comprises approximately 3.1% of LMG Wealth Partners LLC’s portfolio, making the stock its 5th biggest position. LMG Wealth Partners LLC’s holdings in Microsoft were worth $14,419,000 as of its most recent SEC filing.

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

Microsoft Trading Up 2.1 %

NASDAQ:MSFT opened at $374.58 on Thursday. The firm has a market cap of $2.78 trillion, a P/E ratio of 30.16, a P/E/G ratio of 2.21 and a beta of 1.00. The firm has a 50-day simple moving average of $385.70 and a 200-day simple moving average of $411.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the firm posted $2.93 EPS. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSFT shares. Mizuho cut 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. Wedbush dropped their price objective on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Finally, KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.80.

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.