Consolidated Planning Corp increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,632 shares of the software giant’s stock after purchasing an additional 110 shares during the period. Microsoft comprises about 1.0% of Consolidated Planning Corp’s investment portfolio, making the stock its 16th biggest holding. Consolidated Planning Corp’s holdings in Microsoft were worth $1,428,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Shore Point Advisors LLC purchased a new position in Microsoft in the fourth quarter valued at about $40,000. Tobam raised its stake in shares of Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Microsoft in the first quarter worth $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $80,000. Finally, Evolution Advisers Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Price Performance
Shares of MSFT stock opened at $291.91 on Monday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The firm has a fifty day moving average of $264.33 and a 200-day moving average of $279.55. The firm has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.46 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last posted 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 period last year, the firm earned $2.17 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.73%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MSFT. Stifel Nicolaus dropped their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Wells Fargo & Company reduced their target price on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a research report on Tuesday, July 26th. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Finally, KeyCorp reduced their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Two investment 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, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft 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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