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Blodgett Wealth Advisors LLC Has $8.76 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

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Blodgett Wealth Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.8% in the first quarter, Holdings Channel.com reports. The fund owned 28,421 shares of the software giant’s stock after purchasing an additional 238 shares during the quarter. Microsoft accounts for approximately 7.3% of Blodgett Wealth Advisors LLC’s portfolio, making the stock its 3rd largest position. Blodgett Wealth Advisors LLC’s holdings in Microsoft were worth $8,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ACT Wealth Management LLC boosted its stake in 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 acquiring an additional 34 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC boosted its stake in 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 acquiring an additional 34 shares during the last quarter. KB Financial Partners LLC boosted its stake in Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after acquiring an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC boosted its stake in Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after acquiring an additional 37 shares during the last quarter. Finally, Strategic Asset Management LLC boosted its stake in Microsoft by 5.9% during the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after acquiring an additional 37 shares during the last quarter. 69.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Itaú Unibanco assumed coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Wolfe Research cut their price target on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays cut their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research note on Tuesday, July 26th. Finally, Redburn Partners initiated coverage on shares of Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective on the stock. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $334.80.

Microsoft Price Performance

NASDAQ:MSFT opened at $278.01 on Tuesday. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a market cap of $2.08 trillion, a P/E ratio of 28.84, a P/E/G ratio of 2.36 and a beta of 0.93. The firm’s fifty day moving average price is $261.71 and its two-hundred day moving average price is $280.85. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFTGet Rating) last announced its 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 36.69% and a return on equity of 43.31%. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Equities analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.89%. Microsoft’s payout ratio is presently 25.73%.

About Microsoft

(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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