1900 Wealth Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 20.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,458 shares of the software giant’s stock after buying an additional 1,620 shares during the quarter. 1900 Wealth Management LLC’s holdings in Microsoft were worth $2,916,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in Microsoft during the fourth quarter worth about $24,401,940,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $2,952,329,000. State Street Corp grew its holdings in shares of Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares during the period. Castleview Partners LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $11,872,000. Finally, TD Asset Management Inc. raised its holdings in Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock worth $4,868,814,000 after purchasing an additional 3,207,415 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT stock opened at $274.82 on Wednesday. The firm has a market cap of $2.05 trillion, a P/E ratio of 28.51, a PEG ratio of 2.36 and a beta of 0.93. The stock’s 50-day moving average is $262.01 and its two-hundred day moving average is $280.55. 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 Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the firm earned $2.17 earnings per share. Analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
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 paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.90%. Microsoft’s payout ratio is 25.73%.
Wall Street Analyst Weigh In
MSFT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Jefferies Financial Group dropped their target price on shares of Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Itau BBA Securities assumed coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. UBS Group set a $330.00 price objective on shares of Microsoft in a research note on Monday, June 20th. Finally, Wells Fargo & Company reduced their target price on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. One equities research 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.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $334.47.
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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