Exchange Capital Management Inc. Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Exchange Capital Management Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 71,899 shares of the software giant's stock after purchasing an additional 1,019 shares during the period. Microsoft accounts for approximately 4.8% of Exchange Capital Management Inc.'s holdings, making the stock its biggest holding. Exchange Capital Management Inc.'s holdings in Microsoft were worth $30,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Adamsbrown Wealth Consultants LLC boosted its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. lifted its position in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after buying an additional 1,489 shares during the period. Campbell Wealth Management bought a new stake in shares of Microsoft during the 3rd quarter valued at about $3,314,000. Finally, Centric Wealth Management raised its stake in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Wednesday, April 23rd. Bank of America dropped their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Piper Sandler dropped their price objective on shares of Microsoft from $520.00 to $435.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Microsoft from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $493.89.

Microsoft Trading Up 0.3 %

Shares of NASDAQ MSFT opened at $395.26 on Thursday. The business has a fifty day simple moving average of $383.76 and a 200-day simple moving average of $410.91. The company has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 12 month low of $344.79 and a 12 month 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.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued 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 currently 26.73%.

Microsoft Company 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.

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