Menu Close

Endowment Wealth Management Inc. Purchases 528 Shares of Microsoft Co. (NASDAQ:MSFT)

Endowment Wealth Management Inc. boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 73.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,242 shares of the software giant’s stock after purchasing an additional 528 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Microsoft were worth $383,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MSFT. State Street Corp increased its holdings in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after acquiring an additional 3,027,306 shares in the last quarter. Norges Bank acquired a new position in shares of Microsoft during the fourth quarter valued at about $24,401,940,000. Nuveen Asset Management LLC increased its holdings in shares of Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after acquiring an additional 584,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Microsoft by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after acquiring an additional 652,526 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors.

Microsoft Trading Down 0.5 %

Shares of MSFT stock opened at $276.44 on Wednesday. The stock’s fifty day moving average is $268.17 and its two-hundred day moving average is $278.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The firm has a market capitalization of $2.06 trillion, a P/E ratio of 28.68, a PEG ratio of 2.41 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.

Microsoft (NASDAQ:MSFTGet 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 36.69% and a return on equity of 43.31%. During the same period in the previous year, the business posted $2.17 earnings per share. Research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued 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 yield of 0.90%. Microsoft’s payout ratio is currently 25.73%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSFT. Stifel Nicolaus cut their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. KeyCorp cut their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Wells Fargo & Company cut their price target on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. UBS Group set a $330.00 price target on shares of Microsoft in a report on Monday, June 20th. Finally, Evercore ISI cut their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.