Opes Wealth Management LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 16.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,907 shares of the software giant’s stock after selling 1,572 shares during the period. Opes Wealth Management LLC’s holdings in Microsoft were worth $2,438,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its stake in 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 last quarter. Geode Capital Management LLC grew its position in Microsoft by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after acquiring an additional 3,027,306 shares during the last quarter. Norges Bank bought a new position in Microsoft during the 4th quarter worth approximately $24,401,940,000. Nuveen Asset Management LLC grew its position in Microsoft by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Microsoft by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after acquiring an additional 652,526 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Microsoft Stock Down 0.2 %
Microsoft stock opened at $275.79 on Thursday. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.34 and a beta of 0.93. The stock has a fifty day simple moving average of $268.65 and a two-hundred day simple moving average of $278.56. 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 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 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 period in the prior year, the business posted $2.17 earnings per share. Equities analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.73%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Wedbush dropped their price objective on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Guggenheim assumed coverage on Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. BMO Capital Markets increased their price objective on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Jefferies Financial Group dropped their price objective on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Finally, Royal Bank of Canada set a $380.00 price objective on Microsoft in a report on Thursday, May 19th. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.
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.
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