XML Financial LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,663 shares of the software giant’s stock after selling 2,285 shares during the period. Microsoft makes up 2.7% of XML Financial LLC’s investment portfolio, making the stock its 3rd biggest holding. XML Financial LLC’s holdings in Microsoft were worth $22,403,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MSFT. Wealth Enhancement Advisory Services LLC increased its position in Microsoft by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after purchasing an additional 7,210 shares during the period. Arbor Investment Advisors LLC grew its holdings in Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after acquiring an additional 1,357 shares during the period. KRS Capital Management LLC lifted its holdings in Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares during the period. Dfpg Investments LLC boosted its position in shares of Microsoft by 22.9% during the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock worth $7,585,000 after purchasing an additional 5,030 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of Microsoft by 41.4% during the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock worth $45,441,000 after purchasing an additional 43,189 shares during the period. 69.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MSFT. Citigroup reduced their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. William Blair reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Wells Fargo & Company dropped their price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Itaú Unibanco began coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. Finally, Itau BBA Securities initiated coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Stock Performance
Microsoft stock opened at $291.91 on Monday. The firm has a market capitalization of $2.18 trillion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.46 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The stock’s 50 day moving average price is $264.33 and its 200 day moving average price is $279.55. 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 posted 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 43.31% and a net margin of 36.69%. During the same quarter last year, the firm earned $2.17 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
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 paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is presently 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.
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