IVC Wealth Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 12.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,544 shares of the software giant’s stock after buying an additional 274 shares during the period. IVC Wealth Advisors LLC’s holdings in Microsoft were worth $784,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Cedar Brook Financial Partners LLC boosted its stake in Microsoft by 6.0% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after purchasing an additional 931 shares in the last quarter. ACT Wealth Management LLC boosted its stake in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares in the last quarter. Welch Group LLC boosted its stake in Microsoft by 0.4% in the 4th quarter. Welch Group LLC now owns 213,489 shares of the software giant’s stock worth $71,801,000 after purchasing an additional 846 shares in the last quarter. Shelton Wealth Management LLC acquired a new stake in Microsoft in the 4th quarter worth approximately $953,000. Finally, Cabot Wealth Management Inc. boosted its stake in Microsoft by 0.5% in the 4th quarter. Cabot Wealth Management Inc. now owns 7,645 shares of the software giant’s stock worth $2,571,000 after purchasing an additional 40 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors.
Microsoft Trading Down 1.0 %
Shares of MSFT opened at $278.01 on Tuesday. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm’s fifty day moving average is $261.71 and its two-hundred day moving average is $280.85. The stock has a market cap of $2.08 trillion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 2.36 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its 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 return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the firm posted $2.17 EPS. Research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 0.89%. Microsoft’s payout ratio is 25.73%.
Analyst Ratings Changes
A number of equities analysts have issued reports on MSFT shares. Stifel Nicolaus reduced their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Piper Sandler reduced their price target 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. William Blair reissued an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Fundamental Research reduced their price target on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating for the company in a research report on Tuesday, May 3rd. Finally, Rosenblatt Securities reduced their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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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