WT Wealth Management raised its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,821 shares of the software giant’s stock after buying an additional 145 shares during the quarter. Microsoft accounts for about 1.8% of WT Wealth Management’s holdings, making the stock its 14th biggest position. WT Wealth Management’s holdings in Microsoft were worth $4,569,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. State Street Corp raised its position in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after purchasing an additional 3,027,306 shares during the last quarter. Norges Bank acquired a new stake in shares of Microsoft in the 4th quarter valued at $24,401,940,000. Nuveen Asset Management LLC boosted its holdings in Microsoft by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after purchasing an additional 584,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Microsoft by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after buying an additional 652,526 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Microsoft Trading Down 0.4 %
MSFT stock opened at $260.40 on Friday. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The firm has a market cap of $1.94 trillion, a P/E ratio of 27.01, a P/E/G ratio of 2.23 and a beta of 0.93. The business’s 50 day moving average is $270.44 and its 200-day moving average is $277.26. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Equities analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.95%. Microsoft’s dividend payout ratio is 25.73%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Wolfe Research decreased their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. Royal Bank of Canada set a $380.00 price target on shares of Microsoft in a research report on Thursday, May 19th. UBS Group set a $330.00 target price on shares of Microsoft in a research note on Monday, June 20th. Rosenblatt Securities decreased their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently 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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