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Microsoft Co. (NASDAQ:MSFT) Shares Bought by Peninsula Wealth LLC

Peninsula Wealth LLC raised its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,706 shares of the software giant’s stock after acquiring an additional 352 shares during the period. Microsoft accounts for about 0.9% of Peninsula Wealth LLC’s holdings, making the stock its 18th biggest position. Peninsula Wealth LLC’s holdings in Microsoft were worth $2,993,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of 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 lifted its position 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 worth $203,000 after purchasing an additional 37 shares during the last quarter. Virginia Wealth Management Group Inc. lifted its position 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 worth $3,830,000 after purchasing an additional 37 shares during the last quarter. Finally, Northwest Wealth Management LLC lifted its position 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 worth $1,399,000 after purchasing an additional 37 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada set a $380.00 price objective on shares of Microsoft in a research note on Thursday, May 19th. Rosenblatt Securities dropped their price objective on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Wedbush dropped their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. BMO Capital Markets increased their price objective on shares of Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. Finally, Cowen dropped their price objective on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Microsoft Trading Down 3.9 %

Shares of NASDAQ:MSFT opened at $268.09 on Monday. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.32 and a beta of 0.93. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. 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 company has a 50 day moving average price of $269.73 and a 200 day moving average price of $278.14.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results 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 return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the firm earned $2.17 EPS. On average, research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a dividend of $0.62 per share. 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 25.73%.

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.

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