Microsoft Co. (NASDAQ:MSFT) is Ameliora Wealth Management Ltd.’s 8th Largest Position

view original post

Ameliora Wealth Management Ltd. grew its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 351.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 13,653 shares of the software giant’s stock after buying an additional 10,632 shares during the period. Microsoft comprises approximately 2.5% of Ameliora Wealth Management Ltd.’s portfolio, making the stock its 8th biggest holding. Ameliora Wealth Management Ltd.’s holdings in Microsoft were worth $3,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. ACT Wealth Management LLC grew its holdings in shares of Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC boosted its stake in Microsoft by 0.7% during the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after buying an additional 34 shares during the period. Hanlon Investment Management Inc. raised its stake in shares of Microsoft by 1.2% in the 4th quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant’s stock valued at $965,000 after acquiring an additional 35 shares during the period. KB Financial Partners LLC raised its stake in shares of Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after acquiring an additional 35 shares during the period. Finally, Valtinson Bruner Financial Planning LLC raised its stake in shares of Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after acquiring an additional 37 shares during the period. 69.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSFT. Mizuho reduced their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Wells Fargo & Company decreased their target price on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday. KeyCorp dropped their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research report on Wednesday, April 27th. Finally, Barclays lowered their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. One equities research analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $344.90.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $258.83 on Tuesday. The stock has a market cap of $1.94 trillion, a P/E ratio of 27.02, a P/E/G ratio of 2.02 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 stock has a 50 day moving average of $260.34 and a two-hundred day moving average of $282.36. 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 posted its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.04. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior 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 year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.89%.

Microsoft Profile

(Get Rating)

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.

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.