Mutual of America Capital Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,033,189 shares of the software giant’s stock after purchasing an additional 9,161 shares during the period. Microsoft comprises 3.4% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Mutual of America Capital Management LLC’s holdings in Microsoft were worth $318,543,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Microsoft during the 4th quarter valued at $24,401,940,000. State Street Corp grew its holdings in Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares during the last quarter. Castleview Partners LLC acquired a new stake in Microsoft during the 4th quarter valued at $11,872,000. TD Asset Management Inc. grew its holdings in Microsoft by 28.5% during the 4th quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Microsoft by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after buying an additional 3,027,306 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MSFT has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Barclays lowered their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a report on Thursday, June 9th. Itau BBA Securities began coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Finally, Piper Sandler decreased their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. One analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $335.72.
Microsoft Stock Down 0.7 %
Shares of NASDAQ MSFT opened at $287.02 on Friday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.38 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. The stock’s 50-day simple moving average is $263.64 and its 200-day simple moving average is $279.64.
Microsoft (NASDAQ:MSFT – Get Rating) last announced 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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous 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 fiscal year.
Microsoft Announces Dividend
The company 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 0.86%. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Microsoft Company 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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