PRW Wealth Management LLC Has $1.72 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

PRW Wealth Management LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,588 shares of the software giant’s stock after buying an additional 519 shares during the quarter. Microsoft comprises 0.8% of PRW Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. PRW Wealth Management LLC’s holdings in Microsoft were worth $1,722,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Microsoft in the fourth quarter worth $24,401,940,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $2,952,329,000. State Street Corp increased 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 valued at $101,750,881,000 after purchasing an additional 8,108,943 shares in the last quarter. Castleview Partners LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at $11,872,000. Finally, TD Asset Management Inc. increased its position in Microsoft by 28.5% in the 4th quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after acquiring an additional 3,207,415 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $274.82 on Wednesday. The stock has a market capitalization of $2.05 trillion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.36 and a beta of 0.93. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The stock has a 50 day moving average price of $262.01 and a 200 day moving average price of $280.55. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ:MSFT – Get Rating) last released its 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 quarter in the prior year, the firm earned $2.17 earnings per share. Analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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 is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Cowen dropped their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. JPMorgan Chase & Co. dropped their price objective on Microsoft from $320.00 to $305.00 and set a “maintains” rating for the company in a report on Wednesday, July 27th. Wedbush reduced their target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Rosenblatt Securities cut their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Finally, Itaú Unibanco assumed coverage on shares of Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.47.

Microsoft Company Profile

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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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