Cordatus Wealth Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 44,173 shares of the software giant’s stock after buying an additional 2,660 shares during the quarter. Microsoft comprises about 4.8% of Cordatus Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Cordatus Wealth Management LLC’s holdings in Microsoft were worth $13,619,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter valued at $40,000. Tobam grew its position in shares of Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in Microsoft during the first quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft in the fourth quarter worth about $80,000. Finally, Evolution Advisers Inc. acquired a new position in Microsoft in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
Microsoft Stock Performance
MSFT opened at $262.97 on Wednesday. The business has a fifty day simple moving average of $270.27 and a 200-day simple moving average of $277.54. The firm has a market cap of $1.96 trillion, a PE ratio of 27.28, a P/E/G ratio of 2.26 and a beta of 0.93. 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 fifty-two week low of $241.51 and a fifty-two week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly 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 period in the previous year, the firm posted $2.17 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared 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 of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.94%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
Analysts Set New Price Targets
Several brokerages recently issued reports on MSFT. Rosenblatt Securities cut their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Itau BBA Securities initiated coverage on Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Mizuho lowered their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Itaú Unibanco assumed coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
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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