S. R. Schill & Associates decreased its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,306 shares of the software giant’s stock after selling 1,048 shares during the period. Microsoft makes up 2.2% of S. R. Schill & Associates’ portfolio, making the stock its 10th largest holding. S. R. Schill & Associates’ holdings in Microsoft were worth $5,336,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. KB Financial Partners LLC raised its holdings in Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after purchasing an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC increased its position in shares of Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after buying an additional 37 shares in the last quarter. Strategic Asset Management LLC raised its stake in Microsoft by 5.9% during the 1st 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. Virginia Wealth Management Group Inc. lifted its holdings 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 acquiring an additional 37 shares in the last quarter. Finally, Northwest Wealth Management LLC increased its holdings in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.
Microsoft Price Performance
Shares of MSFT opened at $261.47 on Thursday. The business has a 50-day simple moving average of $270.44 and a two-hundred day simple moving average of $277.26. The company has a quick ratio of 1.75, a current ratio of 1.78 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 stock has a market cap of $1.95 trillion, a PE ratio of 27.12, a PEG ratio of 2.23 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last announced 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 net margin of 36.69% and a return on equity of 43.31%. During the same period in the prior year, the firm earned $2.17 earnings per share. Analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.
Analysts Set New Price Targets
MSFT has been the topic of several recent analyst reports. Royal Bank of Canada set a $380.00 price objective on Microsoft in a report on Thursday, May 19th. Stifel Nicolaus lowered their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Mizuho lowered their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Cowen cut their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Finally, KeyCorp dropped their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $334.31.
About Microsoft
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.
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