Montag A & Associates Inc. raised its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 159,636 shares of the software giant’s stock after purchasing an additional 3,950 shares during the period. Microsoft accounts for approximately 2.6% of Montag A & Associates Inc.’s portfolio, making the stock its 6th largest position. Montag A & Associates Inc.’s holdings in Microsoft were worth $49,217,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Joseph Group Capital Management acquired a new stake in Microsoft during the 4th quarter worth about $1,535,000. Shore Point Advisors LLC acquired a new stake in Microsoft during the fourth quarter worth approximately $40,000. Tobam increased its holdings in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new position in Microsoft in the first quarter valued at approximately $68,000. Finally, Evolution Advisers Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $84,000. 69.99% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
MSFT has been the topic of several research analyst reports. Wedbush cut their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $320.00 target price on Microsoft in a research note on Thursday, June 9th. Wells Fargo & Company dropped their price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. KeyCorp reduced their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Stifel Nicolaus cut their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Stock Performance
NASDAQ:MSFT opened at $291.91 on Friday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The business has a fifty day simple moving average of $263.89 and a two-hundred day simple moving average of $279.58. The company has a market capitalization of $2.18 trillion, a P/E ratio of 30.28, a P/E/G ratio of 2.44 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data 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 period in the prior year, the firm earned $2.17 earnings per share. On average, analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
About Microsoft
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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