Wealthpoint LLC lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,941 shares of the software giant’s stock after acquiring an additional 1,120 shares during the period. Microsoft makes up approximately 1.3% of Wealthpoint LLC’s holdings, making the stock its 17th biggest holding. Wealthpoint LLC’s holdings in Microsoft were worth $3,681,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. ACT Wealth Management LLC boosted its position in Microsoft by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after buying an additional 34 shares in the last quarter. Wealth Enhancement & Preservation of GA LLC grew its position in Microsoft by 0.7% during the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after acquiring an additional 34 shares during the last quarter. KB Financial Partners LLC increased its holdings in Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after purchasing an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC raised its position in Microsoft by 0.9% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after purchasing an additional 37 shares during the last quarter. Finally, Strategic Asset Management LLC grew its holdings in shares of Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MSFT. Deutsche Bank Aktiengesellschaft dropped 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. Redburn Partners assumed coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective on the stock. The Goldman Sachs Group set a $365.00 target price on Microsoft in a research report on Wednesday, April 27th. Mizuho reduced their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Finally, UBS Group set a $330.00 price objective on Microsoft in a research report on Monday, June 20th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.47.
Microsoft Trading Down 1.1 %
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the business posted $2.17 earnings per share. As a group, analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is presently 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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