WT Wealth Management Has $9.86 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

WT Wealth Management grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,380 shares of the software giant’s stock after buying an additional 779 shares during the quarter. Microsoft accounts for approximately 3.1% of WT Wealth Management’s holdings, making the stock its 6th largest position. WT Wealth Management’s holdings in Microsoft were worth $9,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Swedbank AB raised its position in 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 acquiring an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC grew its position in shares of Microsoft by 1.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock valued at $3,334,000 after acquiring an additional 109 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group decreased their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group raised their price objective on Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays lifted their price objective on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research report on Thursday. Piper Sandler reissued a “neutral” rating on shares of Microsoft in a report on Thursday. Finally, Wedbush lifted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company an “outperform” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $507.77.

Microsoft Price Performance

Microsoft stock opened at $435.28 on Friday. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company 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 firm’s fifty day moving average is $384.93 and its 200 day moving average is $411.07. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

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.