Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Penney Financial LLC

Penney Financial LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,736 shares of the software giant’s stock after buying an additional 40 shares during the quarter. Microsoft accounts for about 0.5% of Penney Financial LLC’s investment portfolio, making the stock its 18th largest position. Penney Financial LLC’s holdings in Microsoft were worth $732,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 35.7% in the 3rd 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 increased its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management lifted its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the 4th quarter valued at $141,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Scotiabank initiated coverage on Microsoft in a research note on Thursday. They issued a “sector outperform” rating and a $470.00 price objective on the stock. Loop Capital upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Stock Up 1.1 %

Shares of NASDAQ:MSFT opened at $391.26 on Monday. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The stock’s 50-day moving average price is $408.82 and its 200-day moving average price is $419.74. 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 12-month low of $376.91 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. 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.