Capital Advisors Wealth Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,269 shares of the software giant’s stock after acquiring an additional 1,549 shares during the quarter. Microsoft comprises about 1.6% of Capital Advisors Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Capital Advisors Wealth Management LLC’s holdings in Microsoft were worth $5,324,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Mandatum Life Insurance Co Ltd grew its position in shares of Microsoft by 0.6% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 29,897 shares of the software giant’s stock worth $9,218,000 after buying an additional 165 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Microsoft by 9.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,380,951 shares of the software giant’s stock worth $1,350,691,000 after purchasing an additional 367,191 shares during the last quarter. Tredje AP fonden increased its position in shares of Microsoft by 0.3% during the first quarter. Tredje AP fonden now owns 902,783 shares of the software giant’s stock worth $278,337,000 after purchasing an additional 2,300 shares in the last quarter. Cryder Capital Partners LLP lifted its holdings in shares of Microsoft by 3.6% during the 1st quarter. Cryder Capital Partners LLP now owns 817,746 shares of the software giant’s stock valued at $252,119,000 after purchasing an additional 28,433 shares during the last quarter. Finally, Summit Asset Management LLC boosted its position in shares of Microsoft by 1.3% in the 1st quarter. Summit Asset Management LLC now owns 14,294 shares of the software giant’s stock worth $4,407,000 after purchasing an additional 186 shares in the last quarter. 69.29% of the stock is owned by institutional investors.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $256.06 on Friday. 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 firm has a fifty day moving average of $270.44 and a 200 day moving average of $277.26. The firm has a market cap of $1.91 trillion, a PE ratio of 26.56, a PEG ratio of 2.23 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS 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 previous year, the firm posted $2.17 EPS. As a group, research analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.
Analysts Set New Price Targets
Several research analysts recently issued reports on MSFT shares. Redburn Partners initiated coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price on the stock. Barclays decreased their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, June 10th. Piper Sandler dropped their target price on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Itaú Unibanco assumed coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Finally, JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a report on Thursday, June 9th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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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