Supplemental Annuity Collective Trust of NJ lowered its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,800 shares of the software giant’s stock after selling 1,100 shares during the quarter. Microsoft makes up about 7.1% of Supplemental Annuity Collective Trust of NJ’s investment portfolio, making the stock its 2nd largest holding. Supplemental Annuity Collective Trust of NJ’s holdings in Microsoft were worth $21,520,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Shore Point Advisors LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $40,000. Tobam lifted its stake in shares of Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Microsoft during the 1st quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth about $80,000. Finally, Evolution Advisers Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth about $84,000. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Stock Down 0.7 %
NASDAQ:MSFT opened at $287.02 on Friday. The firm’s 50 day simple moving average is $263.64 and its 200 day simple moving average is $279.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a market cap of $2.14 trillion, a PE ratio of 29.77, a P/E/G ratio of 2.38 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 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company earned $2.17 EPS. On average, research analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.86%. Microsoft’s dividend payout ratio is presently 25.73%.
Analysts Set New Price Targets
MSFT has been the subject of a number of research reports. The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a research note on Wednesday, April 27th. Itau BBA Securities assumed 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. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Mizuho lowered their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Finally, Royal Bank of Canada set a $380.00 price target on shares of Microsoft in a research report on Thursday, May 19th. One equities research 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 stock has an average rating of “Moderate Buy” and a consensus price target 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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