Mcdaniel Terry & Co. Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Mcdaniel Terry & Co. increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,594 shares of the software giant’s stock after purchasing an additional 18,052 shares during the period. Microsoft makes up about 10.9% of Mcdaniel Terry & Co.’s portfolio, making the stock its biggest holding. Mcdaniel Terry & Co.’s holdings in Microsoft were worth $133,023,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp grew its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the period. AMF Tjanstepension AB lifted its position in shares of Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock valued at $1,204,664,000 after acquiring an additional 49,735 shares during the period. Discipline Wealth Solutions LLC grew its holdings in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after purchasing an additional 49,288 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 2.1 %

Shares of Microsoft stock opened at $374.58 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market capitalization 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. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The stock’s 50-day simple moving average is $385.70 and its 200 day simple moving average is $411.70.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $2.93 EPS. As a group, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Scotiabank began coverage on shares of Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, BMO Capital Markets reduced their price objective on Microsoft from $490.00 to $470.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $494.80.

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.