Hidden Cove Wealth Management LLC Invests $2.71 Million in Microsoft Co. (NASDAQ:MSFT)

Hidden Cove Wealth Management LLC bought a new position in Microsoft Co. (NASDAQ:MSFTFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,426 shares of the software giant’s stock, valued at approximately $2,708,000. Microsoft accounts for about 2.2% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 13th biggest holding.

A number of other hedge funds have also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management raised its holdings 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 acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft during the 4th quarter valued at $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 1.9 %

MSFT opened at $388.45 on Monday. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm’s fifty day moving average is $391.89 and its 200 day moving average is $414.41. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 business earned $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Piper Sandler reissued an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Mizuho dropped their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.41.

Get Our Latest Analysis on MSFT

Microsoft Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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