Bank Hapoalim BM Sells 4,314 Shares of Microsoft Co. (NASDAQ:MSFT)

Bank Hapoalim BM lowered its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,718 shares of the software giant’s stock after selling 4,314 shares during the period. Microsoft makes up 2.8% of Bank Hapoalim BM’s portfolio, making the stock its 7th biggest position. Bank Hapoalim BM’s holdings in Microsoft were worth $26,428,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its position in shares of Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after purchasing an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its stake in Microsoft by 12.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after buying an additional 1,357 shares during the period. KRS Capital Management LLC lifted its holdings in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after buying an additional 218 shares in the last quarter. Dfpg Investments LLC boosted its position in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after acquiring an additional 43,189 shares in the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $274.82 on Wednesday. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The stock has a market capitalization of $2.05 trillion, a P/E ratio of 28.51, a P/E/G ratio of 2.36 and a beta of 0.93. The firm’s 50 day moving average is $262.01 and its 200-day moving average is $280.55. 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 (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (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 in the prior year, the firm posted $2.17 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business 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 $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.90%. Microsoft’s dividend payout ratio is currently 25.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MSFT shares. Credit Suisse Group set a $400.00 price target on Microsoft in a research note on Tuesday, July 26th. KeyCorp decreased their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Wedbush cut their price target on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. UBS Group set a $330.00 price objective on shares of Microsoft in a report on Monday, June 20th. Finally, Citigroup cut their target price on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. One analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $334.47.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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