Beacon Financial Advisory LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,311 shares of the software giant’s stock after acquiring an additional 366 shares during the period. Microsoft makes up about 2.0% of Beacon Financial Advisory LLC’s investment portfolio, making the stock its 5th largest position. Beacon Financial Advisory LLC’s holdings in Microsoft were worth $4,104,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of MSFT. Shore Point Advisors LLC bought a new position in shares of Microsoft in the fourth quarter worth about $40,000. Tobam grew its holdings in shares of Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC bought a new position in shares of Microsoft in the first quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in shares of Microsoft in the fourth quarter worth about $80,000. Finally, Evolution Advisers Inc. bought a new position in shares of Microsoft in the fourth quarter worth about $84,000. Institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MSFT. William Blair restated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Redburn Partners started coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective for the company. Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Finally, Royal Bank of Canada set a $380.00 price objective on shares of Microsoft in a research note on Thursday, May 19th. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $334.80.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly 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 43.31% and a net margin of 36.69%. During the same quarter last year, the company posted $2.17 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.89%. Microsoft’s payout ratio is 25.73%.
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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