Horst & Graben Wealth Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.6% in the 1st quarter, HoldingsChannel reports. The fund owned 3,079 shares of the software giant’s stock after acquiring an additional 106 shares during the period. Horst & Graben Wealth Management LLC’s holdings in Microsoft were worth $949,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Shore Point Advisors LLC bought a new stake in Microsoft in the fourth quarter worth about $40,000. Tobam lifted its stake in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft in the first quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new stake in Microsoft in the fourth quarter worth about $80,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft in the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Microsoft from $320.00 to $305.00 and set a “maintains” rating for the company in a research note on Wednesday, July 27th. Jefferies Financial Group decreased their price objective on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Cowen reaffirmed a “maintains” rating on shares of Microsoft in a research note on Wednesday, July 27th. Redburn Partners started coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target for the company. Finally, Itaú Unibanco started coverage on shares of Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. One research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $334.80.
Microsoft Price Performance
Shares of MSFT opened at $280.74 on Monday. The firm has a market capitalization of $2.10 trillion, a PE ratio of 29.30, 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. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company’s fifty day moving average price is $261.36 and its 200-day moving average price is $281.11.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data 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 net margin of 37.63% and a return on equity of 44.85%. During the same quarter in the previous year, the business earned $2.17 EPS. On average, equities research analysts predict that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.
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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