Microsoft Co. (NASDAQ:MSFT) Stake Increased by Consolidated Capital Management LLC

Consolidated Capital Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,549 shares of the software giant’s stock after acquiring an additional 312 shares during the period. Microsoft makes up 6.5% of Consolidated Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Consolidated Capital Management LLC’s holdings in Microsoft were worth $14,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Shore Point Advisors LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at about $40,000. Tobam raised its holdings in shares of Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft in the 1st quarter valued at about $68,000. Castle Financial & Retirement Planning Associates Inc. purchased a new stake in shares of Microsoft in the 4th quarter valued at about $80,000. Finally, Evolution Advisers Inc. purchased a new stake in shares of Microsoft in the 4th quarter valued at about $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. Itau BBA Securities initiated coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Jefferies Financial Group decreased their price objective on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Fundamental Research decreased their price objective on Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a report on Tuesday, May 3rd. Cowen decreased their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Finally, William Blair reissued an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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 quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The firm 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. The stock’s 50 day moving average is $261.71 and its 200 day moving average is $280.85.

Microsoft (NASDAQ:MSFTGet Rating) last released 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 net margin of 36.69% and a return on equity of 43.31%. During the same period in the prior year, the business earned $2.17 EPS. Research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

About Microsoft

(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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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