Partners Wealth Management LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Partners Wealth Management LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,582 shares of the software giant's stock, valued at approximately $2,353,000. Microsoft makes up 2.7% of Partners Wealth Management LLC's portfolio, making the stock its 4th largest position.

A number of other institutional investors have also added to or reduced their stakes in MSFT. WFA Asset Management Corp raised its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% during the 2nd 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 last quarter. AMF Tjanstepension AB lifted its stake in Microsoft by 1.8% during the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after acquiring an additional 49,735 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after acquiring an additional 49,288 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Wedbush lowered their target price on Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. DA Davidson raised shares of Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. StockNews.com lowered shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Piper Sandler lowered their price target 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, Bank of America decreased their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $493.89.

Microsoft Stock Up 0.3 %

Shares of MSFT stock traded up $1.22 during trading on Wednesday, reaching $395.26. The company's stock had a trading volume of 34,165,639 shares, compared to its average volume of 21,187,089. The stock's 50-day moving average price is $384.02 and its 200 day moving average price is $411.02. The company has a market capitalization 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. 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 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 results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.26. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 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 dividend yield of 0.84%. Microsoft's payout ratio is 26.73%.

Microsoft 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.