Childress Capital Advisors LLC Has $11.32 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Childress Capital Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 26,854 shares of the software giant’s stock after acquiring an additional 143 shares during the period. Microsoft comprises 3.2% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 9th largest position. Childress Capital Advisors LLC’s holdings in Microsoft were worth $11,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC boosted its holdings 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 in the last quarter. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% in the 4th 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 last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter worth $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 3.0 %

NASDAQ:MSFT opened at $378.80 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The company has a market cap of $2.82 trillion, a PE ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. The firm has a 50-day moving average of $405.52 and a 200-day moving average of $419.10.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 prior year, the firm earned $2.93 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is 26.73%.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. UBS Group decreased their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Scotiabank began coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.59.

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.