FFT Wealth Management LLC Has $6.13 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

FFT Wealth Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,545 shares of the software giant's stock after purchasing an additional 1,381 shares during the period. Microsoft accounts for approximately 0.5% of FFT Wealth Management LLC's portfolio, making the stock its 27th largest holding. FFT Wealth Management LLC's holdings in Microsoft were worth $6,131,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSFT. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its stake in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the period. Swedbank AB lifted its holdings in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after buying an additional 49,288 shares in the last quarter. Finally, Pettinga Financial Advisors LLC lifted its position in shares of Microsoft by 1.4% during the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock worth $3,334,000 after purchasing an additional 109 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Microsoft stock traded up $9.88 during trading hours on Friday, reaching $435.28. 30,732,671 shares of the company were exchanged, compared to its average volume of 21,356,348. The stock has a 50-day moving average of $384.18 and a 200 day moving average of $411.01. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The firm has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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. 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 earnings per share. As a group, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.76%. Microsoft's payout ratio is 26.73%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday. DA Davidson boosted their price target on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research note on Thursday. BMO Capital Markets increased their price target on Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Evercore ISI upped their price objective on Microsoft from $435.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $507.77.

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.