DMKC Advisory Services LLC Buys Shares of 4,781 Microsoft Co. (NASDAQ:MSFT)

DMKC Advisory Services LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,781 shares of the software giant's stock, valued at approximately $2,015,000. Microsoft accounts for approximately 1.8% of DMKC Advisory Services LLC's investment portfolio, making the stock its 20th biggest position.

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

Analyst Ratings Changes

Several research firms have issued reports on MSFT. Raymond James increased their price objective on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday. Royal Bank of Canada increased their price target on shares of Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a report on Thursday. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average target price of $507.77.

Microsoft Stock Up 2.3 %

NASDAQ:MSFT traded up $9.88 on Friday, reaching $435.28. The stock had a trading volume of 30,732,671 shares, compared to its average volume of 21,356,359. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The stock has a market cap of $3.24 trillion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $384.93 and a 200 day moving average of $411.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the company posted $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 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.