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Solidarilty Wealth LLC Buys New Shares in Microsoft Co. (NASDAQ:MSFT)

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Solidarilty Wealth LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFTGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,351 shares of the software giant’s stock, valued at approximately $8,944,000. Microsoft comprises approximately 5.0% of Solidarilty Wealth LLC’s investment portfolio, making the stock its 4th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. ACT Wealth Management LLC increased its holdings in shares of Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after buying an additional 34 shares during the last quarter. 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 buying an additional 34 shares during the last quarter. 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 buying an additional 35 shares during the last quarter. KB Financial Partners LLC boosted its position in Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after buying an additional 35 shares during the period. Finally, Valtinson Bruner Financial Planning LLC boosted its position in Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after buying an additional 37 shares during the period. 69.99% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 2.9 %

Shares of NASDAQ MSFT 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 company has a market capitalization of $2.07 trillion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. 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 firm’s 50-day moving average is $260.80 and its two-hundred day moving average is $281.34.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted $2.17 earnings per share. Equities analysts anticipate that Microsoft Co. will post 9.27 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is 25.89%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MSFT shares. Morgan Stanley decreased their price target on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Jefferies Financial Group decreased their price target on shares of Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Evercore ISI decreased their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. Piper Sandler decreased their price objective on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Finally, Barclays decreased their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, June 10th. One equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $337.63.

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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