Microsoft Co. (NASDAQ:MSFT) stock holdings boosted by retirement capital strategies
Retirement Capital Strategies increased its position in Microsoft Co. (NASDAQ: MSFT – Get Rating) by 133.0% in Q1, HoldingsChannel.com reports. The company held 32,656 shares of the software giant after buying an additional 18,643 shares during the period. Microsoft represents about 3.7% of Retirement Capital Strategies’ portfolio, making the stock its ninth largest holding. Retirement Capital Strategies’ holdings in Microsoft were worth $9,211,000 when it last filed with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently changed their positions in MSFT. ACT Wealth Management LLC increased its stake in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant valued at $1,378,000 after buying 34 additional shares during the period. Wealth Enhancement & Preservation of GA LLC increased its holdings of Microsoft shares by 0.7% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant valued at $1,680,000 after acquiring 34 additional shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Microsoft shares by 0.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,869 shares of the software giant valued at $1,301,000 after acquiring 35 additional shares in the last quarter. Hanlon Investment Management Inc. increased its holdings of Microsoft shares by 1.2% during the fourth quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant worth $965,000 after buying 35 more shares in the last quarter. Finally, KB Financial Partners LLC increased its position in Microsoft shares by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant worth $2,404,000 after buying 35 more shares in the last quarter. 69.99% of the shares are held by institutional investors.
Microsoft trades up 1.0%
Microsoft stock opened Friday at $256.72. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30. The company’s fifty-day simple moving average is $260.59 and its two-hundred-day simple moving average is $285.93. The company has a market capitalization of $1.92 trillion, a price-earnings ratio of 26.80, a growth price-earnings ratio of 2.09 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating the consensus estimate of $2.18 by $0.04. The company posted revenue of $49.36 billion for the quarter, versus a consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. Microsoft’s revenue for the quarter increased 18.4% year over year. During the same period a year earlier, the company posted EPS of $1.95. As a group, stock analysts predict Microsoft Co. will post earnings per share of 9.27 for the current fiscal year.
Microsoft announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17. This represents an annualized dividend of $2.48 and a yield of 0.97%. Microsoft’s dividend payout ratio is 25.89%.
Changes to analyst ratings
A number of stock analysts have recently commented on MSFT shares. Goldman Sachs Group set a price target of $365.00 on Microsoft shares in a report on Wednesday, April 27. Credit Suisse Group set Microsoft a price target of $400.00 in a Friday, June 3 research report. Morgan Stanley cut its price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a Tuesday report. Jefferies Financial Group cut its price target on Microsoft from $325.00 to $320.00 in a Monday, June 13 report. Finally, Fundamental Research lowered its target price on Microsoft from $299.93 to $298.00 and set a “holding” rating for the company in a Tuesday, May 3 research report. An equity research analyst rated the stock with a hold rating and thirty gave the company a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $349.52.
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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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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