WESPAC Advisors SoCal LLC Has $21.37 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

WESPAC Advisors SoCal LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,691 shares of the software giant’s stock after selling 873 shares during the period. Microsoft comprises about 4.8% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 2nd biggest holding. WESPAC Advisors SoCal LLC’s holdings in Microsoft were worth $21,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Net Worth Advisory Group bought a new stake in shares of Microsoft during the 3rd quarter valued at about $2,645,000. Adamsbrown Wealth Consultants LLC grew its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Oak Ridge Investments LLC increased its stake in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the period. Finally, Campbell Wealth Management bought a new position in Microsoft during the 3rd quarter valued at $3,314,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

MSFT opened at $378.80 on Monday. The stock has a fifty day moving average price of $405.52 and a 200 day moving average price of $419.10. 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 Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The stock has a market cap of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $2.93 earnings per share. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Morgan Stanley cut their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson upgraded 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 report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $510.59.

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.