Horst & Graben Wealth Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,079 shares of the software giant’s stock after acquiring an additional 106 shares during the quarter. Horst & Graben Wealth Management LLC’s holdings in Microsoft were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Microsoft by 3.9% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 38,302 shares of the software giant’s stock valued at $11,809,000 after buying an additional 1,442 shares during the period. Mcdaniel Terry & Co. lifted its holdings in shares of Microsoft by 0.7% during the 1st quarter. Mcdaniel Terry & Co. now owns 312,532 shares of the software giant’s stock valued at $96,357,000 after buying an additional 2,109 shares during the period. Shaker Investments LLC OH lifted its holdings in shares of Microsoft by 386.1% during the 1st quarter. Shaker Investments LLC OH now owns 13,140 shares of the software giant’s stock valued at $4,051,000 after buying an additional 10,437 shares during the period. Ninety One SA PTY Ltd lifted its holdings in shares of Microsoft by 97.4% during the 1st quarter. Ninety One SA PTY Ltd now owns 132,858 shares of the software giant’s stock valued at $41,489,000 after buying an additional 65,565 shares during the period. Finally, Eukles Asset Management lifted its holdings in shares of Microsoft by 2.1% during the 1st quarter. Eukles Asset Management now owns 28,184 shares of the software giant’s stock valued at $8,689,000 after buying an additional 575 shares during the period. 69.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group set a $365.00 price target on Microsoft in a report on Wednesday, April 27th. Mizuho decreased their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Stifel Nicolaus decreased their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Royal Bank of Canada set a $380.00 target price on Microsoft in a report on Thursday, May 19th. Finally, Jefferies Financial Group decreased their target price on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $334.80.
Microsoft Trading Up 1.6 %
MSFT opened at $280.74 on Monday. The firm has a market cap of $2.10 trillion, a P/E ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. 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 stock has a 50-day moving average of $261.36 and a 200 day moving average of $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 (EPS) for the quarter, missing the consensus estimate 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 posted $2.17 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given 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 0.88%. Microsoft’s dividend payout ratio 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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