Loveless Wealth Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,716 shares of the software giant’s stock after buying an additional 246 shares during the period. Microsoft comprises 1.5% of Loveless Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Loveless Wealth Management LLC’s holdings in Microsoft were worth $2,687,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. University of Texas Texas AM Investment Managment Co. grew its position in shares of 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 purchasing an additional 79 shares during the period. Shore Point Advisors LLC purchased a new position in Microsoft in the 4th quarter worth approximately $40,000. Tobam boosted its holdings in shares of Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft in the first quarter valued at approximately $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Wolfe Research lowered their price objective on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Jefferies Financial Group set a $320.00 price target on shares of Microsoft in a research report on Tuesday. Rosenblatt Securities dropped their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Morgan Stanley decreased their target price on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Finally, Mizuho dropped their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Stock Down 1.1 %
Shares of NASDAQ:MSFT opened at $253.25 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $270.44 and a 200-day simple moving average of $277.26. The company has a market capitalization of $1.89 trillion, a PE ratio of 26.27, a P/E/G 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.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share 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 previous year, the firm earned $2.17 earnings per share. On average, equities analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.
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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