Drum Hill Capital LLC Buys New Shares in Microsoft Co. (NASDAQ:MSFT)

Drum Hill Capital LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,550 shares of the software giant's stock, valued at approximately $1,918,000. Microsoft accounts for about 2.4% of Drum Hill Capital LLC's investment portfolio, making the stock its 16th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC boosted its stake in shares of 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 acquiring an additional 35 shares in the last quarter. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the 4th quarter valued at about $141,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.3 %

NASDAQ MSFT traded up $1.22 during trading hours on Wednesday, reaching $395.26. The company had a trading volume of 34,469,227 shares, compared to its average volume of 21,165,221. 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 stock has a market capitalization of $2.94 trillion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The stock has a 50-day moving average of $383.76 and a 200 day moving average of $410.91. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35.

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 for the quarter, topping analysts' consensus estimates of $3.20 by $0.26. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 earnings per share. As a group, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid 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 0.84%. Microsoft's payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America lowered their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Barclays decreased their target price on Microsoft from $475.00 to $430.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Westpark Capital started coverage on shares of Microsoft in a report on Tuesday, April 1st. They set a "hold" rating on the stock. Finally, UBS Group cut their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $493.89.

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.