Blodgett Wealth Advisors LLC Purchases 238 Shares of Microsoft Co. (NASDAQ:MSFT)

Blodgett Wealth Advisors LLC grew its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,421 shares of the software giant’s stock after purchasing an additional 238 shares during the quarter. Microsoft makes up approximately 7.3% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. Blodgett Wealth Advisors LLC’s holdings in Microsoft were worth $8,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. ACT Wealth Management LLC lifted its stake in shares of Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after acquiring an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC lifted its stake in shares of Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after acquiring an additional 34 shares during the period. KB Financial Partners LLC lifted its stake in shares of Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after acquiring an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC lifted its stake in shares of Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after acquiring an additional 37 shares during the period. Finally, Strategic Asset Management LLC lifted its stake in shares of Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MSFT shares. Morgan Stanley cut their target price on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. BMO Capital Markets increased their target price 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. Mizuho cut their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Wells Fargo & Company cut their target price on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Finally, UBS Group set a $330.00 target price on shares of Microsoft in a research note on Monday, June 20th. One 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 company has an average rating of “Moderate Buy” and an average target price of $334.80.

Microsoft Stock Performance

Shares of MSFT opened at $278.01 on Tuesday. The company’s fifty day moving average is $261.71 and its 200-day moving average is $280.85. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.36 and a beta of 0.93. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS 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 business posted $2.17 EPS. Equities analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.89%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

Microsoft Company Profile

(Get Rating)

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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