Chemistry Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 100.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,735 shares of the software giant’s stock after purchasing an additional 6,880 shares during the period. Microsoft comprises about 1.5% of Chemistry Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Chemistry Wealth Management LLC’s holdings in Microsoft were worth $4,235,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of MSFT. State Street Corp lifted 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 in the last quarter. Geode Capital Management LLC lifted its stake in Microsoft by 2.4% in 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 in the last quarter. Norges Bank purchased a new stake in Microsoft in the 4th quarter worth about $24,401,940,000. Nuveen Asset Management LLC lifted its stake in Microsoft by 1.0% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Microsoft by 1.7% in 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 in the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.
Microsoft Price Performance
Shares of MSFT stock opened at $268.09 on Friday. The stock has a 50 day moving average of $269.73 and a two-hundred day moving average of $278.30. 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 Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The company has a market capitalization of $2.00 trillion, a P/E ratio of 27.81, a P/E/G ratio of 2.32 and a beta of 0.93.
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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the company posted $2.17 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors 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 0.93%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
Analyst Upgrades and Downgrades
MSFT has been the topic of several research reports. Cowen dropped their target price on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Wells Fargo & Company dropped their target price on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. UBS Group set a $330.00 target price on Microsoft in a research report on Monday, June 20th. Rosenblatt Securities dropped their target price on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Finally, BMO Capital Markets upped their target price on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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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