Ledge Wealth Management Inc. purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 9,764 shares of the software giant’s stock, valued at approximately $3,010,000. Microsoft makes up 1.9% of Ledge Wealth Management Inc.’s portfolio, making the stock its 12th largest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Birchcreek Wealth Management LLC increased its stake in Microsoft by 3.0% in the 4th quarter. Birchcreek Wealth Management LLC now owns 6,765 shares of the software giant’s stock worth $2,275,000 after acquiring an additional 200 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of Microsoft by 0.3% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,374 shares of the software giant’s stock worth $4,162,000 after purchasing an additional 42 shares in the last quarter. OneAscent Financial Services LLC bought a new position in shares of Microsoft in the fourth quarter worth approximately $1,323,000. Ervin Investment Management LLC purchased a new stake in Microsoft in the fourth quarter valued at approximately $16,830,000. Finally, Sage Financial Management Group Inc. bought a new stake in Microsoft during the fourth quarter valued at approximately $345,000. 69.29% of the stock is owned by hedge funds and other institutional investors.
Microsoft Stock Performance
Microsoft stock opened at $256.06 on Tuesday. The stock’s 50 day moving average is $270.44 and its 200 day moving average is $277.26. The company has a market capitalization of $1.91 trillion, a P/E ratio of 26.56, a PEG ratio of 2.16 and a beta of 0.94. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results 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 net margin of 36.69% and a return on equity of 43.31%. During the same period in the prior year, the company earned $2.17 EPS. On average, equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently announced 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. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.97%. Microsoft’s dividend payout ratio is presently 25.73%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on MSFT. Citigroup lowered their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Itau BBA Securities started coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. KeyCorp reduced their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Fundamental Research restated a “hold” rating and issued a $280.50 target price on shares of Microsoft in a research report on Wednesday, August 3rd. Finally, Piper Sandler reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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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