DORCHESTER WEALTH MANAGEMENT Co Has $8.74 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,723 shares of the software giant's stock after acquiring an additional 5,482 shares during the quarter. Microsoft accounts for 1.7% of DORCHESTER WEALTH MANAGEMENT Co's portfolio, making the stock its 19th largest holding. DORCHESTER WEALTH MANAGEMENT Co's holdings in Microsoft were worth $8,735,000 as of its most recent filing with the Securities & Exchange Commission.

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

Microsoft Stock Performance

Shares of Microsoft stock traded up $8.85 during midday trading on Friday, hitting $434.25. The company had a trading volume of 10,998,295 shares, compared to its average volume of 21,268,189. The stock has a market cap of $3.23 trillion, a PE ratio of 35.02, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The business's 50 day simple moving average is $384.18 and its two-hundred day simple moving average is $411.01. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The business's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft's dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSFT shares. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research report on Thursday. Wedbush increased their price objective on Microsoft from $475.00 to $515.00 and gave the stock an "outperform" rating in a report on Thursday. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday. Finally, BMO Capital Markets boosted their price target on Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $507.77.

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.