Red Door Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,823 shares of the software giant’s stock after buying an additional 1,295 shares during the quarter. Microsoft comprises 3.6% of Red Door Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Red Door Wealth Management LLC’s holdings in Microsoft were worth $10,736,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Shore Point Advisors LLC acquired a new stake in Microsoft in the fourth quarter worth approximately $40,000. Macroview Investment Management LLC bought a new stake in shares of Microsoft in the 4th quarter worth $62,000. TFO TDC LLC lifted its holdings in shares of Microsoft by 6,566.7% in the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after buying an additional 197 shares during the period. Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft during the fourth quarter valued at about $80,000. Finally, Evolution Advisers Inc. acquired a new position in Microsoft during the fourth quarter worth about $84,000. 69.99% of the stock is owned by institutional investors and hedge funds.
Microsoft Trading Up 1.0 %
Shares of NASDAQ MSFT opened at $256.72 on Friday. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a 50-day moving average of $260.59 and a two-hundred day moving average of $285.93. The company has a market cap of $1.92 trillion, a PE ratio of 26.80, a P/E/G ratio of 2.09 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.04. The firm had revenue of $49.36 billion during the quarter, compared to analysts’ expectations of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. Microsoft’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 EPS. As a group, equities analysts expect that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.97%. Microsoft’s payout ratio is 25.89%.
Analysts Set New Price Targets
MSFT has been the subject of several research reports. Piper Sandler reduced their price objective on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Jefferies Financial Group reduced their target price on shares of Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Deutsche Bank Aktiengesellschaft cut their price objective on Microsoft from $390.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Redburn Partners started coverage on Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price on the stock. Finally, KeyCorp reduced their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. One research analyst has rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $349.52.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); 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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