Lee Danner & Bass Inc. Purchases 3,358 Shares of Microsoft Co. (NASDAQ:MSFT)

Lee Danner & Bass Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,963 shares of the software giant’s stock after purchasing an additional 3,358 shares during the period. Microsoft accounts for about 2.6% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 6th largest position. Lee Danner & Bass Inc.’s holdings in Microsoft were worth $30,511,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MSFT. Wealth Enhancement Advisory Services LLC lifted its position in Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after buying an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC lifted its position in Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares in the last quarter. Dfpg Investments LLC lifted its position in Microsoft by 22.9% during the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares in the last quarter. Allworth Financial LP lifted its position in Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares in the last quarter. Finally, Elk River Wealth Management LLC lifted its position in Microsoft by 4.8% during the first quarter. Elk River Wealth Management LLC now owns 55,203 shares of the software giant’s stock valued at $17,020,000 after buying an additional 2,544 shares in the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. Barclays reduced their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Fundamental Research dropped their price objective on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a research note on Tuesday, May 3rd. BMO Capital Markets lifted their price objective on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Citigroup dropped their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Finally, Wolfe Research dropped their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Trading Up 1.6 %

Microsoft stock opened at $280.74 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The firm has a market cap of $2.10 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The firm’s 50 day moving average price is $261.36 and its two-hundred day moving average price is $281.11.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $2.17 earnings per share. On average, research analysts predict that Microsoft Co. will post 9.27 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is 25.89%.

About Microsoft

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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, 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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