1,958 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Centerline Wealth Advisors LLC

Centerline Wealth Advisors LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,958 shares of the software giant’s stock, valued at approximately $818,000. Microsoft comprises approximately 0.5% of Centerline Wealth Advisors LLC’s holdings, making the stock its 21st biggest holding.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Westpark Capital initiated coverage on Microsoft in a report on Tuesday. They issued a “hold” rating for the company. Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $508.86.

Microsoft Stock Performance

Shares of MSFT opened at $359.84 on Friday. The company’s 50 day simple moving average is $399.08 and its 200-day simple moving average is $417.40. Microsoft Co. has a 12-month low of $359.48 and a 12-month high of $468.35. The firm has a market cap of $2.68 trillion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. 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) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company posted $2.93 EPS. As a group, equities analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 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.