Curi Wealth Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,855 shares of the software giant’s stock after acquiring an additional 1,659 shares during the quarter. Microsoft makes up about 3.3% of Curi Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Curi Wealth Management LLC’s holdings in Microsoft were worth $19,070,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cross Staff Investments Inc bought a new stake in Microsoft in the 4th quarter valued at $3,222,000. Waypoint Capital Advisors LLC bought a new stake in Microsoft in the 4th quarter valued at $2,965,000. Daniels&Tansey LLP boosted its stake in Microsoft by 3.7% in the 4th quarter. Daniels&Tansey LLP now owns 1,445 shares of the software giant’s stock valued at $485,000 after purchasing an additional 52 shares during the period. First American Bank boosted its stake in Microsoft by 0.9% in the 4th quarter. First American Bank now owns 203,038 shares of the software giant’s stock valued at $68,286,000 after purchasing an additional 1,794 shares during the period. Finally, Harbor Advisory Corp MA boosted its stake in Microsoft by 3.9% in the 4th quarter. Harbor Advisory Corp MA now owns 10,678 shares of the software giant’s stock valued at $3,591,000 after purchasing an additional 399 shares during the period. 69.29% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Mizuho reduced their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Redburn Partners started coverage on Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective for the company. Morgan Stanley dropped their price objective on Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Wolfe Research dropped their price objective on Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, July 29th. Finally, BMO Capital Markets lifted their price objective on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Stock Down 0.4 %
MSFT stock opened at $260.40 on Friday. The stock’s 50 day simple moving average is $270.44 and its 200 day simple moving average is $277.26. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week 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 market cap of $1.94 trillion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.23 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last posted 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 last year, the company earned $2.17 EPS. On average, research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
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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