Hudock Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,897 shares of the software giant’s stock after acquiring an additional 112 shares during the period. Microsoft makes up about 1.2% of Hudock Inc.’s portfolio, making the stock its 15th biggest position. Hudock Inc.’s holdings in Microsoft were worth $4,284,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement & Preservation of GA LLC grew its holdings in shares of Microsoft by 0.7% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after purchasing an additional 34 shares during the period. KB Financial Partners LLC boosted its stake in Microsoft by 0.5% during the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after buying an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC boosted its stake in Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after buying an additional 37 shares during the period. Strategic Asset Management LLC boosted its stake in Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after buying an additional 37 shares during the period. Finally, Virginia Wealth Management Group Inc. boosted its stake in Microsoft by 0.3% during the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock worth $3,830,000 after buying an additional 37 shares during the period. 69.99% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
NASDAQ:MSFT opened at $287.02 on Friday. The firm’s fifty day moving average price is $263.64 and its 200 day moving average price is $279.64. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The firm has a market cap 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.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share 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 in the previous year, the business earned $2.17 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on MSFT shares. Itaú Unibanco started coverage on shares of Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. KeyCorp reduced their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Itau BBA Securities initiated coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a research report on Thursday, June 9th. Finally, Stifel Nicolaus reduced their price target 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. One research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has a consensus 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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