Lake Street Advisors Group LLC Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Lake Street Advisors Group LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,068 shares of the software giant's stock after buying an additional 6,554 shares during the quarter. Microsoft comprises approximately 1.7% of Lake Street Advisors Group LLC's portfolio, making the stock its 15th biggest position. Lake Street Advisors Group LLC's holdings in Microsoft were worth $36,699,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. 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 acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its stake in 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 purchasing an additional 18,052 shares in the last quarter. Campbell Wealth Management purchased a new stake in Microsoft during the 3rd quarter valued at about $3,314,000. Centric Wealth Management increased its stake in Microsoft by 0.7% during the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after purchasing an additional 112 shares in the last quarter. Finally, 1900 Wealth Management LLC raised its holdings in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MSFT. BMO Capital Markets increased their price target on shares of Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group reduced their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI boosted their price target on Microsoft from $435.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday. Morgan Stanley lifted their price objective on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday. Six analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $507.77.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $425.40 on Friday. The company has a market capitalization of $3.16 trillion, a P/E ratio of 34.25, 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 firm'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 released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $68.54 billion. During the same quarter in the previous year, the company earned $2.94 EPS. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 26.73%.

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.