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Prestige Wealth Management Group LLC Sells 142 Shares of Microsoft Co. (NASDAQ:MSFT)

Prestige Wealth Management Group LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,965 shares of the software giant’s stock after selling 142 shares during the quarter. Microsoft accounts for approximately 2.3% of Prestige Wealth Management Group LLC’s investment portfolio, making the stock its 11th biggest holding. Prestige Wealth Management Group LLC’s holdings in Microsoft were worth $9,238,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MSFT. KB Financial Partners LLC lifted its position in shares of Microsoft by 0.5% during the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after purchasing an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC lifted its position in shares of Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after purchasing an additional 37 shares during the last quarter. Strategic Asset Management LLC increased its stake in shares of Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after buying an additional 37 shares during the period. Virginia Wealth Management Group Inc. increased its stake in shares of Microsoft by 0.3% during the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after buying an additional 37 shares during the period. Finally, Northwest Wealth Management LLC increased its stake in shares of Microsoft by 0.8% during the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after buying an additional 37 shares during the period. Institutional investors own 69.99% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several research reports. Stifel Nicolaus cut their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Rosenblatt Securities cut their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Mizuho cut their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Redburn Partners initiated coverage on Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target on the stock. Finally, Morgan Stanley cut their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Trading Down 3.9 %

Microsoft stock 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. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.32 and a beta of 0.93. The stock has a 50-day moving average price of $269.73 and a 200 day moving average price of $278.30.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results 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 last year, the company posted $2.17 EPS. Sell-side analysts anticipate that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared 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. This represents a $2.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is presently 25.73%.

About Microsoft

(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.

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