Mcdaniel Terry & Co. boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 312,532 shares of the software giant’s stock after acquiring an additional 2,109 shares during the period. Microsoft accounts for 10.4% of Mcdaniel Terry & Co.’s holdings, making the stock its biggest position. Mcdaniel Terry & Co.’s holdings in Microsoft were worth $96,357,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Microsoft during the 4th quarter worth $24,401,940,000. Allspring Global Investments Holdings LLC bought a new position in Microsoft during the 4th quarter worth $2,952,329,000. State Street Corp increased its position in Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares during the period. Castleview Partners LLC bought a new position in shares of Microsoft in the fourth quarter worth $11,872,000. Finally, TD Asset Management Inc. increased its position in shares of Microsoft by 28.5% in the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock worth $4,868,814,000 after purchasing an additional 3,207,415 shares during the period. Institutional investors own 69.99% of the company’s stock.
Microsoft Price Performance
Microsoft stock opened at $280.74 on Monday. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.01 and a beta of 0.93. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The stock’s 50 day moving average price is $261.36 and its two-hundred day moving average price is $281.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99.
Microsoft Dividend Announcement
The company also recently announced 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 25.89%.
Analyst Ratings Changes
MSFT has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $380.00 price target on Microsoft in a research report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft decreased their price target on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Barclays decreased their price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Itau BBA Securities began coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Finally, Mizuho reduced their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.80.
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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