CarsonAllaria Wealth Management Ltd. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,285 shares of the software giant’s stock after acquiring an additional 57 shares during the quarter. Microsoft accounts for about 1.5% of CarsonAllaria Wealth Management Ltd.’s portfolio, making the stock its 18th largest position. CarsonAllaria Wealth Management Ltd.’s holdings in Microsoft were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of MSFT. Norges Bank purchased a new stake in shares of Microsoft during the fourth quarter worth $24,401,940,000. State Street Corp increased its position 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 worth $101,750,881,000 after acquiring an additional 8,108,943 shares during the period. Castleview Partners LLC purchased a new stake in shares of Microsoft during the fourth quarter worth $11,872,000. TD Asset Management Inc. increased its position in shares of 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 acquiring an additional 3,207,415 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Microsoft by 2.4% in 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 buying an additional 3,027,306 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on MSFT shares. Cowen dropped their target price on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Royal Bank of Canada set a $380.00 target price on Microsoft in a report on Thursday, May 19th. Rosenblatt Securities dropped their target price on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Citigroup dropped their target price on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Stifel Nicolaus dropped their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $268.09 on Friday. 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 company has a market cap of $2.00 trillion, a P/E ratio of 27.81, a PEG ratio of 2.32 and a beta of 0.93. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a 50-day moving average price of $269.73 and a 200 day moving average price of $278.30.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 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 last year, the company posted $2.17 earnings per share. Research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
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 given a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.93%. Microsoft’s payout ratio is currently 25.73%.
Microsoft Company Profile
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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