Mill Capital Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 232,583 shares of the software giant’s stock after acquiring an additional 11,479 shares during the quarter. Microsoft comprises about 6.9% of Mill Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Mill Capital Management LLC’s holdings in Microsoft were worth $71,708,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. ACT Wealth Management LLC raised its holdings in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after acquiring an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC increased its holdings in shares of Microsoft by 0.7% during the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after purchasing an additional 34 shares during the period. Hanlon Investment Management Inc. increased its holdings in shares of Microsoft by 1.2% during the 4th quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant’s stock worth $965,000 after purchasing an additional 35 shares during the period. KB Financial Partners LLC increased its holdings in shares of Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after purchasing an additional 35 shares during the period. Finally, Valtinson Bruner Financial Planning LLC increased its holdings in shares of Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Price Performance
Shares of MSFT stock opened at $276.41 on Friday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The firm’s 50 day moving average is $260.80 and its 200-day moving average is $281.34. The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.01 and a beta of 0.93. 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 (NASDAQ:MSFT – Get Rating) last posted its quarterly 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 return on equity of 44.85% and a net margin of 37.63%. During the same quarter in the prior year, the company earned $2.17 EPS. Sell-side analysts forecast that Microsoft Co. will post 9.27 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm 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 dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.89%.
Wall Street Analysts Forecast Growth
MSFT has been the topic of several research reports. Redburn Partners initiated coverage on shares of Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective on the stock. Evercore ISI dropped their price objective on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Cowen reissued a “maintains” rating on shares of Microsoft in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Finally, Wolfe Research upped their target price on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $337.63.
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.
Want More Great Investing Ideas?
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.