Long-Term Analyst: Buy These 5 Stocks

1. Microsoft Corporation (NASDAQ:MSFT)

Rockland Trust’s Stake Value: $59,251,000

Percentage of Rockland Trust’s 13F Portfolio: 4.09%

Number of Hedge Fund Holders: 258

Wall Street is bullish on Microsoft Corporation (NASDAQ:MSFT). On July 27, Cowen analyst J. Derrick Wood adjusted his price target on Microsoft Corporation (NASDAQ:MSFT) to $320 from $330 and maintained an Outperform rating on the shares. On August 11, Guggenheim analyst John DiFucci initiated coverage of Microsoft Corporation (NASDAQ:MSFT) with a Neutral rating and a $292 price target. The analyst sees the software giant growing its revenue and free cash flow in a range between 10% and 19% from demand for its Azure cloud platform and enterprise software solutions, Office Commercial 365.

As of September 1, Microsoft Corporation (NASDAQ:MSFT) is offering a forward dividend yield of 0.95% and the company has free cash flows of $65.14 billion to support it.

On July 26, Microsoft Corporation (NASDAQ:MSFT) announced earnings for the fourth quarter of fiscal 2022. The company generated a revenue of $51.87 billion, up 12.38% year over year. The company reported earnings per share of $2.23. For fiscal 2022, Microsoft Corporation (NASDAQ:MSFT) generated a revenue of $198 billion, up 18% year-over-year.

At the close of Q2 2022, 258 hedge funds held stakes in Microsoft Corporation (NASDAQ:MSFT) worth $56 billion. Microsoft Corporation (NASDAQ:MSFT) is among the top 5 holdings of Rockland Trust. As of June 30, Rockland Trust’s stake in Microsoft Corporation (NASDAQ:MSFT) is valued at $59.25 million, which covers 4.09% of the fund’s 13F portfolio.

Here is what Carillon Tower Advisers had to say about Microsoft Corporation (NASDAQ:MSFT) in its first-quarter 2022 investor letter:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Microsoft Corporation (NASDAQ:MSFT) reported positive results driven by personal computing strength, but analysts were especially positive on its growth outlook for its Azure cloud-computing services.”

You can also take a look at 12 Best Long-Term Dividend Stocks To Buy Now and Berkshire Hathaway Stock Portfolio: 10 Long-Term Stock Picks.

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