Copperleaf Capital LLC Acquires 805 Shares of Microsoft Co. (NASDAQ:MSFT)

Copperleaf Capital LLC increased its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,471 shares of the software giant's stock after acquiring an additional 805 shares during the period. Microsoft makes up approximately 1.7% of Copperleaf Capital LLC's investment portfolio, making the stock its 14th biggest position. Copperleaf Capital LLC's holdings in Microsoft were worth $2,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its position in 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 during the last quarter. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in 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 in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter worth $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Up 2.1 %

Shares of NASDAQ MSFT traded up $7.70 during mid-day trading on Tuesday, reaching $366.82. 19,399,234 shares of the company traded hands, compared to its average volume of 21,241,502. The company's fifty day moving average is $386.38 and its two-hundred day moving average is $411.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a market cap of $2.73 trillion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results 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 quarter in the prior year, the firm earned $2.93 EPS. On average, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is 26.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MSFT. Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 target price (down from $500.00) on shares of Microsoft in a research report on Monday, April 7th. Bank of America cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Scotiabank began coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a "sector outperform" rating and a $470.00 target price for the company. Morgan Stanley cut their price target on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Westpark Capital assumed coverage on shares of Microsoft in a research note on Tuesday, April 1st. They issued a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $497.63.

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.