PBMares Wealth Management LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,616 shares of the software giant’s stock after buying an additional 841 shares during the period. Microsoft accounts for approximately 2.0% of PBMares Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. PBMares Wealth Management LLC’s holdings in Microsoft were worth $3,273,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Cedar Brook Financial Partners LLC lifted its position in shares of Microsoft by 6.0% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock valued at $5,520,000 after acquiring an additional 931 shares in the last quarter. ACT Wealth Management LLC lifted its holdings in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after purchasing an additional 34 shares in the last quarter. Exane Asset Management boosted its stake in shares of Microsoft by 9.8% during the 4th quarter. Exane Asset Management now owns 42,455 shares of the software giant’s stock worth $14,278,000 after purchasing an additional 3,793 shares during the last quarter. Old North State Trust LLC grew its holdings in shares of Microsoft by 16.9% during the fourth quarter. Old North State Trust LLC now owns 13,169 shares of the software giant’s stock worth $4,429,000 after buying an additional 1,908 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Microsoft by 1.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 86,113 shares of the software giant’s stock valued at $28,961,000 after buying an additional 1,485 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Analysts Set New Price Targets
MSFT has been the subject of several recent analyst reports. Redburn Partners started coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price for the company. Fundamental Research dropped their target price on Microsoft from $299.93 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, May 3rd. Rosenblatt Securities decreased their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays dropped 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. Finally, Cowen decreased their target price on shares of Microsoft from $360.00 to $330.00 in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $338.09.
Microsoft Trading Up 6.7 %
Microsoft stock opened at $268.74 on Thursday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The firm’s 50-day moving average is $260.33 and its 200-day moving average is $281.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The company has a market cap of $2.01 trillion, a P/E ratio of 28.05, a PEG ratio of 2.01 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 net margin of 37.63% and a return on equity of 44.85%. During the same period last year, the company earned $2.17 earnings per share. On average, equities analysts expect that Microsoft Co. will post 9.27 earnings per share 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 $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.92%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.
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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