Mill Capital Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,583 shares of the software giant’s stock after acquiring an additional 11,479 shares during the period. Microsoft makes up about 6.9% of Mill Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Mill Capital Management LLC’s holdings in Microsoft were worth $71,708,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Newbridge Financial Services Group Inc. raised its holdings in shares of Microsoft by 1.8% during the first quarter. Newbridge Financial Services Group Inc. now owns 19,382 shares of the software giant’s stock worth $5,976,000 after acquiring an additional 345 shares during the period. Argent Advisors Inc. lifted its holdings in shares of Microsoft by 2.2% in the first quarter. Argent Advisors Inc. now owns 14,165 shares of the software giant’s stock valued at $4,367,000 after purchasing an additional 303 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in shares of Microsoft by 0.7% in the first quarter. Ridgecrest Wealth Partners LLC now owns 15,161 shares of the software giant’s stock valued at $4,674,000 after purchasing an additional 101 shares in the last quarter. Masso Torrence Wealth Management Inc. lifted its holdings in shares of Microsoft by 1.5% in the first quarter. Masso Torrence Wealth Management Inc. now owns 11,772 shares of the software giant’s stock valued at $3,630,000 after purchasing an additional 172 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its holdings in shares of Microsoft by 3.9% in the first quarter. Stratos Wealth Advisors LLC now owns 48,824 shares of the software giant’s stock valued at $15,053,000 after purchasing an additional 1,832 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Price Performance
Microsoft stock opened at $276.41 on Friday. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The stock’s 50 day moving average is $260.80 and its 200-day 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. The company 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.
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 period last year, the company earned $2.17 EPS. Equities research analysts expect that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.90%. Microsoft’s payout ratio is currently 25.89%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Evercore ISI cut their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price target on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup cut their price target on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank of Canada set a $380.00 target price on Microsoft in a report on Thursday, May 19th. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $337.63.
Microsoft Company Profile
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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