RTD Financial Advisors Inc. increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,425 shares of the software giant’s stock after acquiring an additional 161 shares during the period. RTD Financial Advisors Inc.’s holdings in Microsoft were worth $1,056,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MSFT. Bordeaux Wealth Advisors LLC increased its stake in shares of Microsoft by 5.5% in the first quarter. Bordeaux Wealth Advisors LLC now owns 19,428 shares of the software giant’s stock valued at $5,990,000 after purchasing an additional 1,018 shares during the period. Walkner Condon Financial Advisors LLC grew its holdings in Microsoft by 12.6% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 12,989 shares of the software giant’s stock worth $4,007,000 after buying an additional 1,456 shares in the last quarter. Fort Pitt Capital Group LLC increased its position in Microsoft by 3.8% in the 1st quarter. Fort Pitt Capital Group LLC now owns 345,786 shares of the software giant’s stock valued at $106,609,000 after acquiring an additional 12,613 shares during the period. Horan Capital Advisors LLC. raised its stake in Microsoft by 4.7% during the 1st quarter. Horan Capital Advisors LLC. now owns 39,327 shares of the software giant’s stock valued at $12,125,000 after acquiring an additional 1,763 shares in the last quarter. Finally, Firethorn Wealth Partners LLC boosted its position in Microsoft by 2.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 8,216 shares of the software giant’s stock worth $2,533,000 after acquiring an additional 172 shares during the period. 69.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on MSFT. Guggenheim initiated coverage on Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 price target on the stock. Evercore ISI dropped their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday, April 27th. BMO Capital Markets raised their price objective on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Jefferies Financial Group cut their target price on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Finally, Itaú Unibanco assumed coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Stock Performance
MSFT stock opened at $292.71 on Wednesday. The firm has a 50 day simple moving average of $265.23 and a 200 day simple moving average of $279.56. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The stock has a market cap of $2.18 trillion, a P/E ratio of 30.36, a P/E/G ratio of 2.46 and a beta of 0.93. 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. Research analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is currently 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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