Allen Capital Group LLC Has $9.77 Million Position in Microsoft Co. (NASDAQ:MSFT)

Allen Capital Group LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,171 shares of the software giant’s stock after purchasing an additional 1,541 shares during the quarter. Microsoft makes up approximately 1.2% of Allen Capital Group LLC’s portfolio, making the stock its 22nd largest position. Allen Capital Group LLC’s holdings in Microsoft were worth $9,767,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $141,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $391.26 on Friday. The stock has a market cap of $2.91 trillion, a price-to-earnings ratio of 31.50, a P/E/G ratio of 2.21 and a beta of 0.92. 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 Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The stock’s 50-day moving average is $408.82 and its 200 day moving average is $419.65.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the company posted $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

MSFT has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Scotiabank assumed coverage on shares of Microsoft in a research report on Thursday. They set a “sector outperform” rating and a $470.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Thursday. Finally, UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

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.