SFG Wealth Management LLC. Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

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SFG Wealth Management LLC. decreased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.1% during the first quarter, Holdings Channel.com reports. The fund owned 4,283 shares of the software giant’s stock after selling 279 shares during the quarter. Microsoft accounts for approximately 1.2% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 26th largest position. SFG Wealth Management LLC.’s holdings in Microsoft were worth $1,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MorganRosel Wealth Management LLC lifted its stake in shares of Microsoft by 4.8% in the first quarter. MorganRosel Wealth Management LLC now owns 1,027 shares of the software giant’s stock worth $317,000 after buying an additional 47 shares in the last quarter. Sweet Financial Partners LLC lifted its position in Microsoft by 59.3% during the first quarter. Sweet Financial Partners LLC now owns 6,611 shares of the software giant’s stock valued at $2,038,000 after purchasing an additional 2,460 shares during the period. Oak Asset Management LLC lifted its position in Microsoft by 1.0% during the first quarter. Oak Asset Management LLC now owns 7,246 shares of the software giant’s stock valued at $2,234,000 after purchasing an additional 75 shares during the period. Game Plan Financial Advisors LLC lifted its position in Microsoft by 9.8% during the first quarter. Game Plan Financial Advisors LLC now owns 14,922 shares of the software giant’s stock valued at $4,601,000 after purchasing an additional 1,334 shares during the period. Finally, Main Street Financial Solutions LLC raised its position in Microsoft by 8.3% in the first quarter. Main Street Financial Solutions LLC now owns 18,150 shares of the software giant’s stock worth $5,596,000 after acquiring an additional 1,390 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MSFT shares. Mizuho reduced their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday. UBS Group set a $330.00 price objective on shares of Microsoft in a research note on Monday, June 20th. BMO Capital Markets reduced their price objective on shares of Microsoft from $345.00 to $305.00 in a research note on Friday, July 15th. Citigroup cut their target price on shares of Microsoft from $364.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Microsoft from $390.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $348.07.

Microsoft Stock Up 2.1 %

NASDAQ:MSFT opened at $259.53 on Wednesday. The company has a market cap of $1.94 trillion, a PE ratio of 27.09, a P/E/G ratio of 2.12 and a beta of 0.93. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $260.18 and its two-hundred day moving average is $284.38.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results 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 company 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%. Microsoft’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 EPS. Analysts anticipate that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced 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 0.96%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.

About Microsoft

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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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