Spectrum Wealth Advisory Group LLC Acquires 929 Shares of Microsoft Co. (NASDAQ:MSFT)

Spectrum Wealth Advisory Group LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,775 shares of the software giant's stock after acquiring an additional 929 shares during the quarter. Microsoft comprises about 0.8% of Spectrum Wealth Advisory Group LLC's holdings, making the stock its 21st largest holding. Spectrum Wealth Advisory Group LLC's holdings in Microsoft were worth $1,591,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its position in shares of 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. bought a new stake in Microsoft in the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Westpark Capital started coverage on shares of Microsoft in a research report on Tuesday, April 1st. They issued a "hold" rating on the stock. Wells Fargo & Company lowered their price objective on shares of Microsoft from $515.00 to $500.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus dropped their price objective on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $497.63.

Microsoft Stock Up 2.1 %

Shares of Microsoft stock traded up $7.70 during trading on Tuesday, reaching $366.82. The stock had a trading volume of 19,399,234 shares, compared to its average volume of 21,241,502. The company has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.53, 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 stock has a fifty day moving average price of $386.38 and a two-hundred day moving average price of $411.95. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company earned $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.91%. Microsoft's dividend payout ratio is 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.