Microsoft Co. (NASDAQ:MSFT) Stake Raised by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,943 shares of the software giant’s stock after purchasing an additional 245 shares during the period. Microsoft makes up 1.5% of WealthBridge Capital Management LLC’s portfolio, making the stock its 15th biggest holding. WealthBridge Capital Management LLC’s holdings in Microsoft were worth $5,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of 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 purchasing an additional 130 shares in the last quarter. Oak Ridge Investments LLC lifted its stake in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares in the last quarter. Focus Financial Network Inc. boosted its position in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. Campbell Wealth Management purchased a new position in Microsoft during the 3rd quarter valued at about $3,314,000. Finally, Centric Wealth Management increased its holdings in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock valued at $6,789,000 after purchasing an additional 112 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $374.58 on Thursday. The business’s 50 day moving average is $385.70 and its 200-day moving average is $411.70. 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 has a market capitalization of $2.78 trillion, a PE ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm posted $2.93 EPS. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Barclays lowered their price objective on shares of Microsoft from $475.00 to $430.00 and set an “overweight” rating on the stock in a research report on Monday. Morgan Stanley lowered their price target on shares of Microsoft from $530.00 to $472.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $475.00 price target (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Finally, Westpark Capital began coverage on Microsoft in a research note on Tuesday, April 1st. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to 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.