PBMares Wealth Management LLC Has $5.64 Million Position in Microsoft Co. (NASDAQ:MSFT)

PBMares Wealth Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,375 shares of the software giant’s stock after purchasing an additional 377 shares during the period. Microsoft accounts for 1.2% of PBMares Wealth Management LLC’s portfolio, making the stock its 19th largest holding. PBMares Wealth Management LLC’s holdings in Microsoft were worth $5,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC boosted its stake in shares of 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 purchasing an additional 35 shares during the last quarter. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during 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 during the period. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSFT. Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Morgan Stanley reduced their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus lowered their price target on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Loop Capital lifted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Three equities research 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, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Price Performance

NASDAQ MSFT opened at $390.58 on Friday. The firm’s 50 day moving average is $406.52 and its 200-day moving average is $419.25. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.90 trillion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the company earned $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio is 26.73%.

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.