Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Consolidated Planning Corp

Consolidated Planning Corp increased its position in Microsoft Co. (NASDAQ:MSFT) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,543 shares of the software giant’s stock after buying an additional 5,561 shares during the quarter. Microsoft accounts for 2.4% of Consolidated Planning Corp’s portfolio, making the stock its 10th largest position. Consolidated Planning Corp’s holdings in Microsoft were worth $17,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its position in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the period. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares during the last quarter. Campbell Wealth Management purchased a new stake in Microsoft during the 3rd quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC grew its position in Microsoft by 389.2% during the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock worth $23,137,000 after acquiring an additional 42,778 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT opened at $388.45 on Monday. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The stock has a 50-day moving average price of $391.89 and a 200-day moving average price of $414.41. The firm has a market cap of $2.89 trillion, a PE ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 1.00. 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 (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the firm earned $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Westpark Capital assumed coverage on shares of Microsoft in a research report on Tuesday, April 1st. They set a “hold” rating for the company. DA Davidson upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Wedbush dropped their target price on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a report on Thursday. Finally, UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $505.41.

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.