Guyasuta Investment Advisors Inc. cut its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,299 shares of the software giant’s stock after selling 893 shares during the quarter. Microsoft makes up approximately 6.2% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its largest holding. Guyasuta Investment Advisors Inc.’s holdings in Microsoft were worth $90,735,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. State Street Corp grew its holdings in Microsoft by 2.8% in the 4th 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Microsoft by 2.4% in 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 acquiring an additional 3,027,306 shares during the period. Norges Bank acquired a new position in shares of Microsoft in the fourth quarter valued at about $24,401,940,000. Nuveen Asset Management LLC increased its position in Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Microsoft by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after purchasing an additional 652,526 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Trading Down 0.3 %
Shares of MSFT stock opened at $292.71 on Wednesday. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 30.36, a PEG ratio of 2.46 and a beta of 0.93. The stock has a 50-day moving average of $265.23 and a 200-day moving average of $279.56.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share 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 company posted $2.17 EPS. On average, equities research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
Analysts Set New Price Targets
Several research analysts have recently commented on MSFT shares. Guggenheim initiated coverage on shares of Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 target price on the stock. Fundamental Research reaffirmed a “hold” rating and issued a $280.50 price objective on shares of Microsoft in a report on Wednesday, August 3rd. Piper Sandler reduced their target price on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Jefferies Financial Group dropped their price target on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Finally, Rosenblatt Securities cut their price objective on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
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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