Shulman DeMeo Asset Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,220 shares of the software giant’s stock after acquiring an additional 247 shares during the quarter. Microsoft makes up 0.4% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Shulman DeMeo Asset Management LLC’s holdings in Microsoft were worth $1,609,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of MSFT. State Street Corp increased its position in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC increased its position in Microsoft by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after buying an additional 3,027,306 shares in the last quarter. Norges Bank purchased a new stake in Microsoft in the fourth quarter worth about $24,401,940,000. Nuveen Asset Management LLC increased its position in Microsoft by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after buying an additional 584,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Microsoft by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after buying an additional 652,526 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.
Microsoft Price Performance
NASDAQ:MSFT opened at $278.01 on Tuesday. The firm has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 28.84, a PEG 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 business has a 50 day simple moving average of $261.71 and a 200-day simple moving average of $280.85. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors 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 dividend yield of 0.89%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.
Analysts Set New Price Targets
A number of brokerages have commented on MSFT. Stifel Nicolaus reduced their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. JPMorgan Chase & Co. reduced their price target on Microsoft from $320.00 to $305.00 and set a “maintains” rating for the company in a research report on Wednesday, July 27th. Cowen reduced their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Redburn Partners started coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price for the company. Finally, Barclays cut their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, June 10th. One analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $334.80.
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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