Abundance Wealth Counselors boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 46.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,615 shares of the software giant’s stock after buying an additional 5,265 shares during the quarter. Microsoft makes up approximately 1.4% of Abundance Wealth Counselors’ portfolio, making the stock its 11th largest holding. Abundance Wealth Counselors’ holdings in Microsoft were worth $5,123,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. ACT Wealth Management LLC raised its position in shares of Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC raised its position in shares of Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after purchasing an additional 34 shares during the last quarter. KB Financial Partners LLC raised its position in shares of Microsoft by 0.5% in the 4th 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 last quarter. Waltinson Bruner Financial Planning LLC increased its holdings in Microsoft by 0.9% in the 1st 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 in the last quarter. Finally, Strategic Asset Management LLC increased its holdings in Microsoft by 5.9% in 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 in the last quarter. Institutional investors own 69.99% of the company’s stock.
Microsoft Stock Performance
NASDAQ MSFT opened at $282.91 on Friday. The company has a market cap of $2.11 trillion, a P/E ratio of 29.35, a P/E/G 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 business’s 50 day moving average price is $262.96 and its 200-day moving average price is $280.24. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data 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 previous year, the company posted $2.17 earnings per share. Sell-side analysts predict that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.
Analyst Ratings Changes
Several research firms recently commented on MSFT. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a report on Thursday, June 9th. Stifel Nicolaus reduced their price objective on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. UBS Group set a $330.00 price target on Microsoft in a research note on Monday, June 20th. Fundamental Research restated a “hold” rating and set a $280.50 price target on shares of Microsoft in a research note on Wednesday. Finally, Citigroup cut their price target on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.72.
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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