5,158 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Magnolia Private Wealth LLC

Magnolia Private Wealth LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,158 shares of the software giant’s stock, valued at approximately $2,174,000. Microsoft comprises 1.2% of Magnolia Private Wealth LLC’s portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sincerus Advisory LLC bought a new position in Microsoft in the 4th quarter worth about $327,000. Red Crane Wealth Management LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $596,000. Checchi Capital Advisers LLC grew its stake in Microsoft by 2.1% in the fourth quarter. Checchi Capital Advisers LLC now owns 88,123 shares of the software giant’s stock worth $37,144,000 after purchasing an additional 1,829 shares in the last quarter. LifeGoal Wealth Advisors purchased a new position in Microsoft during the 4th quarter worth $572,000. Finally, Impact Investors Inc bought a new stake in Microsoft during the 4th quarter valued at $1,989,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Mizuho boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America reduced their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Barclays increased their target price on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group boosted their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley raised their price objective on Microsoft from $472.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $507.77.

Microsoft Price Performance

Shares of MSFT opened at $435.28 on Friday. The stock has a 50 day moving average of $384.93 and a 200-day moving average of $411.12. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The firm has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.94 earnings per share. As a group, analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend 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.