Madison Wealth Partners Inc boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,654 shares of the software giant’s stock after acquiring an additional 236 shares during the period. Microsoft comprises about 1.5% of Madison Wealth Partners Inc’s investment portfolio, making the stock its 14th biggest holding. Madison Wealth Partners Inc’s holdings in Microsoft were worth $2,668,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of MSFT. Norges Bank bought a new position in Microsoft in the fourth quarter worth about $24,401,940,000. State Street Corp raised its holdings in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares during the last quarter. Castleview Partners LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $11,872,000. TD Asset Management Inc. raised its holdings in shares of Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after buying an additional 3,027,306 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group set a $400.00 price target on Microsoft in a report on Tuesday, July 26th. Piper Sandler cut their price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Itaú Unibanco assumed coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Wolfe Research dropped their target price on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Finally, William Blair reissued an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $335.72.
Microsoft Trading Down 0.7 %
NASDAQ MSFT opened at $287.02 on Friday. The firm’s 50 day moving average price is $263.64 and its two-hundred day moving average price is $279.64. The stock has a market cap of $2.14 trillion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.38 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 debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the business posted $2.17 EPS. Equities analysts anticipate that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Dividend Announcement
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 paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
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.
See Also
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