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Western Wealth Management LLC Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Western Wealth Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 128.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 140,891 shares of the software giant’s stock after buying an additional 79,142 shares during the quarter. Microsoft comprises approximately 2.1% of Western Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Western Wealth Management LLC’s holdings in Microsoft were worth $43,439,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. lifted its holdings in Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the period. Shore Point Advisors LLC acquired a new stake in Microsoft during the 4th quarter worth about $40,000. Tobam raised its position in shares of Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new position in shares of Microsoft in the 1st quarter valued at about $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at about $80,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. UBS Group set a $330.00 target price on Microsoft in a report on Monday, June 20th. BMO Capital Markets boosted their target price on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Wedbush cut their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Itaú Unibanco began coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Finally, Citigroup cut 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. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Stock Down 1.7 %

Shares of NASDAQ:MSFT opened at $256.06 on Tuesday. The company has a market capitalization 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 1 year low of $241.51 and a 1 year high of $349.67. 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 business has a fifty day moving average price of $270.44 and a two-hundred day moving average price of $277.26.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data 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 return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the previous year, the company posted $2.17 EPS. Analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Announces Dividend

The business 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 0.97%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Microsoft Company Profile

(Get Rating)

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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