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Microsoft Co. (NASDAQ:MSFT) Position Increased by Masso Torrence Wealth Management Inc.

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Masso Torrence Wealth Management Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,772 shares of the software giant’s stock after purchasing an additional 172 shares during the period. Microsoft comprises about 2.9% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 11th largest holding. Masso Torrence Wealth Management Inc.’s holdings in Microsoft were worth $3,630,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after acquiring an additional 3,027,306 shares during the period. Norges Bank acquired a new position in shares of Microsoft during the fourth quarter valued at $24,401,940,000. Nuveen Asset Management LLC boosted its holdings in shares of Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after acquiring an additional 584,273 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Microsoft by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after acquiring an additional 652,526 shares during the period. Institutional investors own 69.99% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group set a $365.00 price objective on shares of Microsoft in a report on Wednesday, April 27th. StockNews.com began coverage on shares of Microsoft in a report on Thursday, March 31st. They issued a “buy” rating for the company. Mizuho reduced their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Cowen reduced their price objective on shares of Microsoft from $360.00 to $330.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $338.09.

Microsoft Price Performance

Shares of MSFT opened at $268.74 on Thursday. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.01 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The business’s 50-day moving average is $260.33 and its 200-day moving average is $281.60.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 37.63% and a return on equity of 44.85%. During the same period last year, the company posted $2.17 earnings per share. Equities research analysts expect that Microsoft Co. will post 9.27 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.92%. Microsoft’s payout ratio is 25.89%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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