Menlo Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 31,900 shares of the software giant’s stock after purchasing an additional 1,659 shares during the period. Microsoft comprises about 5.2% of Menlo Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Menlo Advisors LLC’s holdings in Microsoft were worth $9,835,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Microsoft in the fourth quarter worth $24,401,940,000. Allspring Global Investments Holdings LLC bought a new stake in Microsoft in the 4th quarter worth $2,952,329,000. State Street Corp increased its position in shares of Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares during the period. Castleview Partners LLC purchased a new position in shares of Microsoft in the fourth quarter valued at about $11,872,000. Finally, TD Asset Management Inc. boosted its holdings in shares of Microsoft by 28.5% during the fourth 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 period. Institutional investors own 69.99% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on MSFT shares. Jefferies Financial Group lowered their price target on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. BMO Capital Markets upped their target price on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. William Blair reiterated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Finally, Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research report on Tuesday, July 26th. One research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $334.47.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company posted $2.17 EPS. On average, analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is 25.73%.
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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