Microsoft Co. (NASDAQ:MSFT) is Checchi Capital Advisers LLC's 3rd Largest Position

Checchi Capital Advisers LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,123 shares of the software giant's stock after purchasing an additional 1,829 shares during the quarter. Microsoft makes up 2.2% of Checchi Capital Advisers LLC's investment portfolio, making the stock its 3rd biggest holding. Checchi Capital Advisers LLC's holdings in Microsoft were worth $37,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC raised its position 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 lifted its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

NASDAQ MSFT traded up $9.88 during mid-day trading on Friday, hitting $435.28. The stock had a trading volume of 30,732,671 shares, compared to its average volume of 21,356,359. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.24 trillion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a 50 day simple moving average of $384.93 and a 200 day simple moving average of $411.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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 business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the business earned $2.94 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays boosted their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday. Morgan Stanley raised their price objective on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a report on Thursday. The Goldman Sachs Group upped their target price on Microsoft from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Thursday. Finally, StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus target price 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.