BetterWealth LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,775 shares of the software giant’s stock after selling 261 shares during the quarter. Microsoft comprises 1.6% of BetterWealth LLC’s holdings, making the stock its 9th biggest position. BetterWealth LLC’s holdings in Microsoft were worth $1,164,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Bell & Brown Wealth Advisors LLC increased its stake in Microsoft by 1.9% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 16,706 shares of the software giant’s stock valued at $5,151,000 after purchasing an additional 308 shares in the last quarter. Ocean Capital Management LLC increased its stake in Microsoft by 4.3% during the 1st quarter. Ocean Capital Management LLC now owns 12,066 shares of the software giant’s stock valued at $3,768,000 after purchasing an additional 500 shares in the last quarter. Integral Investment Advisors Inc. increased its stake in Microsoft by 55.4% during the 1st quarter. Integral Investment Advisors Inc. now owns 3,602 shares of the software giant’s stock valued at $1,111,000 after purchasing an additional 1,284 shares in the last quarter. Lloyd Advisory Services LLC. increased its stake in Microsoft by 48.7% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,632 shares of the software giant’s stock valued at $812,000 after purchasing an additional 862 shares in the last quarter. Finally, Geneva Capital Management LLC increased its stake in Microsoft by 1.2% during the 1st quarter. Geneva Capital Management LLC now owns 18,384 shares of the software giant’s stock valued at $5,668,000 after purchasing an additional 214 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $287.02 on Friday. The firm has a 50-day simple moving average of $263.64 and a 200-day simple moving average of $279.64. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. 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 52 week low of $241.51 and a 52 week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the firm earned $2.17 earnings per share. On average, equities analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
Analysts Set New Price Targets
A number of research analysts have issued reports on MSFT shares. Wells Fargo & Company cut their price target 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. Stifel Nicolaus dropped their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. 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 report on Friday, July 29th. Royal Bank of Canada set a $380.00 price objective on shares of Microsoft in a report on Thursday, May 19th. Finally, The Goldman Sachs Group set a $365.00 price objective on shares of Microsoft in a report on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $335.72.
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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