JFS Wealth Advisors LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,386 shares of the software giant’s stock after selling 58 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Microsoft were worth $4,127,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Shore Point Advisors LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at about $40,000. Tobam lifted its position in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Artemis Wealth Advisors LLC purchased a new stake in Microsoft in the 1st quarter valued at approximately $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in Microsoft during the 4th quarter worth approximately $80,000. Finally, Evolution Advisers Inc. acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $84,000. 69.99% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Up 1.7 %
Shares of NASDAQ MSFT opened at $291.91 on Monday. The stock has a fifty day moving average price of $264.33 and a 200 day moving average price of $279.55. The company has a current ratio of 1.78, a quick ratio of 1.75 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 company has a market cap of $2.18 trillion, a P/E ratio of 30.28, a P/E/G 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 business posted $2.17 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Piper Sandler cut their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Mizuho reduced their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Stifel Nicolaus lowered their target price on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. KeyCorp reduced their price target 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. Finally, Wells Fargo & Company lowered their price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.
Further Reading
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