Atlas Financial Advisors Inc. Acquires 40 Shares of Microsoft Co. (NASDAQ:MSFT)

Atlas Financial Advisors Inc. boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,267 shares of the software giant’s stock after purchasing an additional 40 shares during the period. Microsoft comprises 0.4% of Atlas Financial Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Atlas Financial Advisors Inc.’s holdings in Microsoft were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. American Financial Advisors LLC grew its position in Microsoft by 0.9% in the 1st quarter. American Financial Advisors LLC now owns 5,950 shares of the software giant’s stock worth $1,834,000 after purchasing an additional 51 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its position in Microsoft by 0.6% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 37,466 shares of the software giant’s stock worth $11,551,000 after purchasing an additional 223 shares in the last quarter. Crewe Advisors LLC grew its position in Microsoft by 7.7% in the 1st quarter. Crewe Advisors LLC now owns 39,831 shares of the software giant’s stock worth $12,280,000 after purchasing an additional 2,841 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its position in Microsoft by 5.0% in the 1st quarter. Shulman DeMeo Asset Management LLC now owns 5,220 shares of the software giant’s stock worth $1,609,000 after purchasing an additional 247 shares in the last quarter. Finally, TruWealth Advisors LLC grew its position in Microsoft by 4.5% in the 1st quarter. TruWealth Advisors LLC now owns 67,596 shares of the software giant’s stock worth $20,841,000 after purchasing an additional 2,887 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MSFT shares. Wells Fargo & Company dropped their target price on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. JPMorgan Chase & Co. dropped their target price on shares of Microsoft from $320.00 to $305.00 and set a “maintains” rating on the stock in a research note on Wednesday, July 27th. Itaú Unibanco started coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Fundamental Research dropped their target price 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. Finally, KeyCorp dropped their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Stock Performance

NASDAQ MSFT opened at $278.01 on Tuesday. The company’s 50 day simple moving average is $261.71 and its two-hundred day simple moving average is $280.85. The stock has a market capitalization of $2.08 trillion, a PE ratio of 28.84, a P/E/G ratio of 2.36 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 company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results 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 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the business posted $2.17 earnings per share. Analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.

Microsoft Profile

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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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