Affinity Wealth Management LLC Has $14.03 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Affinity Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,288 shares of the software giant’s stock after purchasing an additional 46 shares during the quarter. Microsoft comprises approximately 2.5% of Affinity Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Affinity Wealth Management LLC’s holdings in Microsoft were worth $14,031,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management boosted 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 acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft during the fourth quarter valued at about $141,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MSFT shares. Mizuho decreased their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $425.00 to $450.00 in a research note on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.43.

Microsoft Stock Performance

NASDAQ MSFT opened at $388.56 on Friday. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The business’s 50-day moving average price is $412.43 and its 200 day moving average price is $420.59. The company has a market capitalization of $2.89 trillion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 period in the previous year, the firm posted $2.93 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio is currently 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.