Sugarloaf Wealth Management LLC Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

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Sugarloaf Wealth Management LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,319 shares of the software giant’s stock after selling 176 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Microsoft were worth $2,256,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ACT Wealth Management LLC lifted its holdings in 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 buying an additional 34 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC lifted its holdings in Microsoft by 0.7% during the 4th 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 last quarter. Hanlon Investment Management Inc. lifted its holdings in Microsoft by 1.2% during the 4th quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant’s stock worth $965,000 after buying an additional 35 shares during the last quarter. KB Financial Partners LLC lifted its holdings in Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after buying an additional 35 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC lifted its holdings in Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after buying an additional 37 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of several recent research reports. Royal Bank of Canada set a $380.00 price target on Microsoft in a report on Thursday, May 19th. Deutsche Bank Rese… set a $350.00 price target on Microsoft in a report on Monday, July 18th. Morgan Stanley cut their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Barclays cut their price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Finally, Cowen cut their price target on Microsoft from $360.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $344.90.

Microsoft Stock Performance

Shares of Microsoft stock opened at $258.83 on Tuesday. The stock has a market cap of $1.94 trillion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. The business has a fifty day simple moving average of $260.34 and a 200-day simple moving average of $282.36. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, topping the consensus estimate of $2.18 by $0.04. The business had revenue of $49.36 billion during the quarter, compared to analysts’ expectations of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. Microsoft’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.95 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 9.27 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 0.96%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

About Microsoft

(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.

Further Reading

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