13,330 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Oregon Pacific Wealth Management LLC

Oregon Pacific Wealth Management LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 13,330 shares of the software giant’s stock, valued at approximately $5,619,000. Microsoft accounts for approximately 5.5% of Oregon Pacific Wealth Management LLC’s portfolio, making the stock its 2nd biggest position.

Several other hedge funds also recently made changes to their positions in MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC grew its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the fourth quarter valued at approximately $141,000. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Stifel Nicolaus reduced their price target 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, Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Performance

Shares of Microsoft stock opened at $378.80 on Friday. The business has a 50-day moving average price of $405.52 and a two-hundred day moving average price of $418.97. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.82 trillion, a P/E ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 0.88%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 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.