Long Run Wealth Advisors LLC Has $4.44 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Long Run Wealth Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,414 shares of the software giant’s stock after selling 132 shares during the period. Microsoft accounts for approximately 1.6% of Long Run Wealth Advisors LLC’s holdings, making the stock its 19th biggest holding. Long Run Wealth Advisors LLC’s holdings in Microsoft were worth $4,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in Microsoft during the 4th quarter worth about $24,401,940,000. Allspring Global Investments Holdings LLC bought a new stake in Microsoft during the 4th quarter worth about $2,952,329,000. State Street Corp raised its holdings 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 purchasing an additional 8,108,943 shares during the last quarter. Castleview Partners LLC bought a new stake in Microsoft during the 4th quarter worth about $11,872,000. Finally, TD Asset Management Inc. raised its holdings in Microsoft by 28.5% during the 4th 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 last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. Mizuho dropped their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Jefferies Financial Group dropped their price objective on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Stifel Nicolaus lowered their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research note on Wednesday, April 27th. Finally, JPMorgan Chase & Co. lowered their price target on Microsoft from $320.00 to $305.00 and set a “maintains” rating for the company in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Trading Down 1.0 %

NASDAQ MSFT opened at $278.01 on Tuesday. The company has a market cap of $2.08 trillion, a PE ratio of 28.84, a PEG ratio of 2.36 and a beta of 0.93. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The stock has a 50 day moving average of $261.71 and a 200-day moving average of $280.85.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data 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 net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the company posted $2.17 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is presently 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.

Further Reading

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.