Landmark Wealth Management LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,698 shares of the software giant’s stock, valued at approximately $370,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Joseph Group Capital Management purchased a new stake in shares of Microsoft in the fourth quarter valued at $1,535,000. Shore Point Advisors LLC purchased a new position in Microsoft during the fourth quarter worth about $40,000. Tobam lifted its position in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the period. Macroview Investment Management LLC purchased a new position in Microsoft during the fourth quarter worth about $62,000. Finally, Artemis Wealth Advisors LLC purchased a new position in Microsoft during the first quarter worth about $68,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Credit Suisse Group set a $400.00 target price on Microsoft in a research report on Tuesday. Itau BBA Securities assumed coverage on Microsoft in a research report on Tuesday. They set an “outperform” rating and a $287.00 target price on the stock. Redburn Partners initiated coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price on the stock. BMO Capital Markets raised their price objective on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Fundamental Research cut their price objective on Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a report on Tuesday, May 3rd. One analyst has rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $338.09.
Microsoft Trading Up 6.7 %
NASDAQ:MSFT opened at $268.74 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $260.33 and its two-hundred day moving average is $281.60. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a market cap of $2.01 trillion, a PE ratio of 28.05, a P/E/G ratio of 2.01 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same period in the prior year, the company posted $2.17 EPS. On average, analysts predict that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.
Microsoft Company Profile
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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