Cliftonlarsonallen Wealth Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,302 shares of the software giant’s stock after purchasing an additional 1,442 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Microsoft were worth $11,809,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its position in shares of Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Microsoft by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after buying an additional 3,027,306 shares in the last quarter. Norges Bank purchased a new position in shares of Microsoft during the 4th quarter valued at about $24,401,940,000. Nuveen Asset Management LLC lifted its position in shares of Microsoft by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after buying an additional 584,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Microsoft by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after purchasing an additional 652,526 shares during the period. 69.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on MSFT. KeyCorp decreased their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Rosenblatt Securities decreased their target price on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Barclays decreased their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. Piper Sandler reduced their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Finally, Evercore ISI reduced their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research note on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.80.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same period in the previous year, the firm earned $2.17 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is 25.89%.
Microsoft Company 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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