BXM Wealth LLC Buys New Shares in Microsoft Co. (NASDAQ:MSFT)

BXM Wealth LLC bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,194 shares of the software giant's stock, valued at approximately $1,346,000. Microsoft accounts for about 1.9% of BXM Wealth LLC's holdings, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the 4th quarter worth $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management boosted its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Westpark Capital started coverage on Microsoft in a research note on Tuesday, April 1st. They set a "hold" rating on the stock. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 price objective for the company. Morgan Stanley cut their price objective on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Mizuho cut their price target 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. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $499.97.

Microsoft Stock Down 1.0 %

Shares of NASDAQ MSFT traded down $3.83 during mid-day trading on Friday, reaching $367.78. 20,940,221 shares of the company were exchanged, compared to its average volume of 21,246,383. The firm has a 50-day moving average of $388.25 and a 200 day moving average of $412.70. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. 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 stock has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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 previous year, the company posted $2.93 EPS. On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.90%. Microsoft's dividend payout ratio is presently 26.73%.

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.