Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.9% during the 1st quarter, Holdings Channel reports. The firm owned 49,590 shares of the software giant’s stock after purchasing an additional 464 shares during the quarter. Microsoft comprises 5.6% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 3rd largest position. Boyd Watterson Asset Management LLC OH’s holdings in Microsoft were worth $15,289,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cedar Brook Financial Partners LLC increased its position in Microsoft by 6.0% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after buying an additional 931 shares during the last quarter. ACT Wealth Management LLC grew its position in shares of Microsoft by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after purchasing an additional 34 shares in the last quarter. Alley Co LLC grew its position in shares of Microsoft by 1.4% in the fourth quarter. Alley Co LLC now owns 59,420 shares of the software giant’s stock valued at $19,984,000 after purchasing an additional 822 shares in the last quarter. Burleson & Company LLC boosted its stake in Microsoft by 2.6% during the fourth quarter. Burleson & Company LLC now owns 100,996 shares of the software giant’s stock valued at $33,967,000 after buying an additional 2,519 shares during the period. Finally, Brickley Wealth Management boosted its stake in Microsoft by 12.2% during the fourth quarter. Brickley Wealth Management now owns 3,140 shares of the software giant’s stock valued at $1,056,000 after buying an additional 341 shares during the period. Institutional investors own 69.99% of the company’s stock.
Microsoft Stock Up 1.6 %
Shares of NASDAQ:MSFT opened at $280.74 on Friday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The company has a market cap of $2.10 trillion, a PE ratio of 29.30, a P/E/G 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 stock’s 50-day moving average is $261.36 and its 200 day moving average is $281.34.
Microsoft (NASDAQ:MSFT – Get 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 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 in the previous year, the company posted $2.17 EPS. Sell-side analysts anticipate that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced 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 is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is 25.89%.
Analyst Ratings Changes
Several research firms recently issued reports on MSFT. The Goldman Sachs Group set a $365.00 price objective on Microsoft in a research note on Wednesday, April 27th. Itaú Unibanco began coverage on Microsoft in a research note on Tuesday. They set an “outperform” rating and a $287.00 price objective for the company. Wedbush dropped their price objective on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on Microsoft from $320.00 to $305.00 and set a “maintains” rating for the company in a research note on Wednesday. Finally, Royal Bank of Canada set a $380.00 price target on Microsoft in a research note on Thursday, May 19th. One investment analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $334.80.
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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