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Microsoft Co. (NASDAQ:MSFT) Position Boosted by Altus Wealth Management LLC

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Altus Wealth Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 12.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,496 shares of the software giant’s stock after buying an additional 168 shares during the quarter. Microsoft accounts for about 0.3% of Altus Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Altus Wealth Management LLC’s holdings in Microsoft were worth $461,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after acquiring an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC boosted its holdings in shares of Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after acquiring an additional 1,357 shares in the last quarter. Dfpg Investments LLC boosted its holdings in shares of Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after acquiring an additional 5,030 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after acquiring an additional 43,189 shares in the last quarter. Finally, Elk River Wealth Management LLC boosted its holdings in shares of Microsoft by 4.8% in the first quarter. Elk River Wealth Management LLC now owns 55,203 shares of the software giant’s stock valued at $17,020,000 after acquiring an additional 2,544 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.

Microsoft Stock Up 2.9 %

Microsoft stock opened at $276.41 on Friday. The company has a market capitalization of $2.07 trillion, a P/E ratio of 28.85, a P/E/G ratio of 2.01 and a beta of 0.93. The firm’s fifty day simple moving average is $260.80 and its 200-day simple moving average is $281.34. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67.

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

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSFT. Stifel Nicolaus reduced their target price on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday. Rosenblatt Securities reduced their target price on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday. Cowen restated a “maintains” rating on shares of Microsoft in a report on Wednesday. Piper Sandler reduced their target price on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Finally, Morgan Stanley reduced their target price on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. One analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $337.63.

Microsoft Company 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.

Further Reading

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