Wedmont Private Capital Raises Position in Microsoft Co. (NASDAQ:MSFT)

Wedmont Private Capital grew its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 38.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,050 shares of the software giant’s stock after buying an additional 7,468 shares during the quarter. Microsoft makes up about 1.9% of Wedmont Private Capital’s investment portfolio, making the stock its 9th biggest position. Wedmont Private Capital’s holdings in Microsoft were worth $8,520,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter worth about $40,000. Macroview Investment Management LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $62,000. TFO TDC LLC grew its stake in shares of Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after purchasing an additional 197 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Microsoft during the third quarter valued at approximately $71,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $80,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. BMO Capital Markets decreased their price target on shares of Microsoft from $345.00 to $340.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 26th. Jefferies Financial Group reduced their price objective on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Evercore ISI reduced their price objective on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research note on Wednesday, April 27th. Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research note on Friday, June 3rd. Finally, StockNews.com started coverage on shares of Microsoft in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $353.36.

Microsoft stock opened at $253.13 on Thursday. The company has a market cap of $1.89 trillion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a fifty day simple moving average of $267.49 and a 200 day simple moving average of $293.87. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.04. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 9.28 EPS for the current year.

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 $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Microsoft Profile (Get Rating)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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