DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 21.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,875 shares of the software giant’s stock after buying an additional 1,395 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Microsoft were worth $3,034,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in MSFT. KB Financial Partners LLC grew its position in Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after purchasing an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC grew its holdings in shares of Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after buying an additional 37 shares during the last quarter. Strategic Asset Management LLC grew its holdings in shares of Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after buying an additional 37 shares during the last quarter. Virginia Wealth Management Group Inc. raised its stake in Microsoft by 0.3% during the 1st quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after acquiring an additional 37 shares during the last quarter. Finally, Northwest Wealth Management LLC lifted its position in Microsoft by 0.8% during the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after acquiring an additional 37 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
Shares of NASDAQ MSFT opened at $256.06 on Tuesday. The company has a 50-day simple moving average of $270.44 and a 200-day simple moving average of $277.26. 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 $1.91 trillion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.16 and a beta of 0.94. Microsoft Co. has a 12 month low of $241.51 and a 12 month 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 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 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.97%. Microsoft’s payout ratio is currently 25.73%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on MSFT shares. Cowen cut their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, July 22nd. Morgan Stanley reduced their target price on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a report on Thursday, June 9th. Wells Fargo & Company lowered their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Finally, Itaú Unibanco initiated coverage on Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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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