Laird Norton Trust Company LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,100,476 shares of the software giant’s stock after selling 3,282 shares during the period. Microsoft comprises about 30.9% of Laird Norton Trust Company LLC’s holdings, making the stock its biggest position. Laird Norton Trust Company LLC’s holdings in Microsoft were worth $339,287,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. KB Financial Partners LLC increased its position in shares of Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after acquiring an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC lifted its holdings in shares of Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after acquiring an additional 37 shares in the last quarter. Strategic Asset Management LLC boosted its position in Microsoft by 5.9% during the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after purchasing an additional 37 shares during the period. Virginia Wealth Management Group Inc. increased its holdings in Microsoft by 0.3% in the 1st quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after purchasing an additional 37 shares in the last quarter. Finally, Northwest Wealth Management LLC raised its position in Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on MSFT shares. Jefferies Financial Group lowered their target price on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Wolfe Research dropped their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Barclays decreased their target price on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research note on Tuesday, July 26th. Finally, KeyCorp decreased their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $334.31.
Microsoft Stock Performance
Shares of MSFT opened at $261.47 on Thursday. The firm has a fifty day moving average of $270.44 and a 200-day moving average of $277.26. The company has a market cap of $1.95 trillion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.23 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 Co. has a 1 year low of $241.51 and a 1 year high of $349.67.
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 quarter last year, the business earned $2.17 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.
Microsoft Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
Further Reading
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