Main Street Research LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 27.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,343 shares of the software giant’s stock after selling 40,052 shares during the quarter. Microsoft accounts for 3.1% of Main Street Research LLC’s portfolio, making the stock its 8th biggest holding. Main Street Research LLC’s holdings in Microsoft were worth $32,787,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. KB Financial Partners LLC grew its holdings in Microsoft by 0.5% during the 4th 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 during the period. Valtinson Bruner Financial Planning LLC grew its holdings in Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after acquiring an additional 37 shares during the period. Strategic Asset Management LLC grew its holdings in shares of Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after buying an additional 37 shares during the period. Virginia Wealth Management Group Inc. grew its holdings in shares of 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 buying an additional 37 shares during the period. Finally, Northwest Wealth Management LLC grew its holdings in shares of Microsoft by 0.8% in the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after buying an additional 37 shares during the period. 69.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on MSFT shares. Mizuho decreased their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Itau BBA Securities started coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Fundamental Research reissued a “hold” rating and issued a $280.50 price target on shares of Microsoft in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. set a $320.00 target price on shares of Microsoft in a research note on Thursday, June 9th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Stock Down 0.2 %
Shares of MSFT stock opened at $275.79 on Thursday. 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 $2.06 trillion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.34 and a beta of 0.93. The firm’s 50-day moving average is $268.65 and its 200-day moving average is $278.56. 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 announced its quarterly 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 business posted $2.17 earnings per share. Sell-side analysts predict that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors 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 dividend on an annualized basis and a yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
Microsoft Company 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.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Get Rating).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.
