LifeGoal Wealth Advisors Acquires New Shares in Microsoft Co. (NASDAQ:MSFT)

LifeGoal Wealth Advisors bought a new position in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,357 shares of the software giant’s stock, valued at approximately $572,000.

Other hedge funds have also recently modified their holdings of the company. Impact Investors Inc bought a new stake in Microsoft in the 4th quarter worth approximately $1,989,000. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in shares of Microsoft in the fourth quarter worth $776,000. Gibraltar Capital Management Inc. increased its position in Microsoft by 1.1% during the fourth quarter. Gibraltar Capital Management Inc. now owns 29,950 shares of the software giant’s stock valued at $12,624,000 after acquiring an additional 321 shares during the last quarter. Shayne & Jacobs LLC lifted its holdings in Microsoft by 0.6% in the fourth quarter. Shayne & Jacobs LLC now owns 17,263 shares of the software giant’s stock valued at $7,277,000 after acquiring an additional 100 shares during the period. Finally, Kellett Wealth Advisors LLC boosted its position in Microsoft by 2.6% in the fourth quarter. Kellett Wealth Advisors LLC now owns 6,490 shares of the software giant’s stock worth $2,735,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 2.3 %

MSFT stock opened at $435.28 on Friday. 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 fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm has a fifty day moving average price of $384.93 and a 200 day moving average price of $411.12. The firm has a market cap of $3.24 trillion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the previous year, the business posted $2.94 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s payout ratio is 26.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MSFT shares. Scotiabank increased their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Barclays increased their price target on shares of Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research report on Thursday. Wedbush boosted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday. Finally, StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $507.77.

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.