Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,102 shares of the software giant’s stock after buying an additional 1,168 shares during the period. Microsoft accounts for about 1.9% of Destiny Wealth Partners LLC’s holdings, making the stock its 13th largest holding. Destiny Wealth Partners LLC’s holdings in Microsoft were worth $11,845,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MSFT. WFA Asset Management Corp lifted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of 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 acquiring an additional 38 shares during the period. AMF Tjanstepension AB boosted its position in shares of 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 last quarter. Enterprise Bank & Trust Co grew its holdings in shares of Microsoft by 1.5% in the third quarter. Enterprise Bank & Trust Co now owns 36,946 shares of the software giant’s stock valued at $15,898,000 after purchasing an additional 529 shares during the period. Finally, Patten Group Inc. increased its position in Microsoft by 0.7% during the third quarter. Patten Group Inc. now owns 44,217 shares of the software giant’s stock worth $19,027,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MSFT shares. Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. UBS Group lowered their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price target on the stock. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.59.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $395.16 on Wednesday. The stock’s 50-day moving average is $407.93 and its two-hundred day moving average is $419.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $2.94 trillion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the business earned $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. Microsoft’s dividend payout ratio (DPR) 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.