Schulz Wealth LTD. Has $239,000 Stake in Microsoft Co. (NASDAQ:MSFT)

Schulz Wealth LTD. increased its position in Microsoft Co. (NASDAQ:MSFT) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 566 shares of the software giant’s stock after purchasing an additional 39 shares during the period. Schulz Wealth LTD.’s holdings in Microsoft were worth $239,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. WFA Asset Management Corp boosted its position in Microsoft by 27.0% in the first 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 last quarter. Ironwood Wealth Management LLC. raised its stake 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 worth $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Swedbank AB grew its position in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC increased its holdings in Microsoft by 1.4% during the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock worth $3,334,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MSFT shares. Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Wedbush raised their target price on Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Morgan Stanley upped their price target on Microsoft from $472.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Piper Sandler reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday. Five research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $507.77.

Microsoft Stock Performance

Microsoft stock opened at $436.17 on Tuesday. 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 cap of $3.24 trillion, a P/E ratio of 35.12, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The firm has a 50-day moving average of $385.66 and a 200-day moving average of $411.17.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data 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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. The business’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

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.