Bradley & Co. Private Wealth Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,397 shares of the software giant’s stock after selling 305 shares during the period. Microsoft accounts for 6.5% of Bradley & Co. Private Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Bradley & Co. Private Wealth Management LLC’s holdings in Microsoft were worth $7,522,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MSFT. Shore Point Advisors LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $40,000. Tobam increased its position in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the period. Artemis Wealth Advisors LLC bought a new stake in Microsoft in the first quarter valued at $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in shares of Microsoft during the fourth quarter worth about $80,000. Finally, Evolution Advisers Inc. bought a new position in shares of Microsoft during the fourth quarter worth about $84,000. 69.29% of the stock is currently owned by institutional investors.
Microsoft Stock Performance
Microsoft stock opened at $261.47 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The company has a market cap of $1.95 trillion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.23 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm’s 50 day simple moving average is $270.44 and its 200-day simple moving average is $277.26.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate 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 previous year, the firm earned $2.17 EPS. As a group, equities research analysts predict that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.
Analysts Set New Price Targets
MSFT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Guggenheim initiated coverage on Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Stifel Nicolaus cut their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $320.00 price target on Microsoft in a research note on Thursday, June 9th. Finally, Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research note on Tuesday, July 26th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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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