BT Wealth Management LLC Sells 4,106 Shares of Microsoft Co. (NASDAQ:MSFT)

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BT Wealth Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 29.9% during the 1st quarter, Holdings Channel reports. The firm owned 9,635 shares of the software giant’s stock after selling 4,106 shares during the period. Microsoft makes up approximately 0.8% of BT Wealth Management LLC’s portfolio, making the stock its 13th biggest position. BT Wealth Management LLC’s holdings in Microsoft were worth $2,971,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MSFT. Wealth Enhancement Advisory Services LLC boosted its stake in Microsoft by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after acquiring an additional 7,210 shares during the last quarter. Arbor Investment Advisors LLC boosted its stake in Microsoft by 12.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after acquiring an additional 1,357 shares during the last quarter. Elk River Wealth Management LLC boosted its stake in Microsoft by 4.8% during the 1st quarter. Elk River Wealth Management LLC now owns 55,203 shares of the software giant’s stock worth $17,020,000 after acquiring an additional 2,544 shares during the last quarter. Steward Financial Group LLC bought a new position in Microsoft during the 4th quarter worth approximately $330,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Microsoft by 0.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock worth $241,156,000 after acquiring an additional 3,421 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $254.25 on Tuesday. The company has a market cap of $1.90 trillion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.12 and a beta of 0.93. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company’s fifty day simple moving average is $260.38 and its 200 day simple moving average is $284.95. 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:MSFTGet Rating) last issued its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.04. The business had revenue of $49.36 billion for the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 earnings per share. On average, research analysts forecast that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed 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. 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 0.98%. Microsoft’s dividend payout ratio (DPR) is 25.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Redburn Partners assumed coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective on the stock. UBS Group set a $330.00 price target on shares of Microsoft in a research note on Monday, June 20th. Deutsche Bank Rese… set a $350.00 price target on shares of Microsoft in a research note on Monday. The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research note on Wednesday, April 27th. Finally, Piper Sandler cut their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. One analyst has rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $349.53.

Microsoft Company Profile

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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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