Microsoft Co. (NASDAQ:MSFT) Holdings Reduced by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,452 shares of the software giant’s stock after selling 201 shares during the quarter. Microsoft accounts for approximately 3.0% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 4th biggest holding. Keystone Financial Planning Inc.’s holdings in Microsoft were worth $9,080,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cedar Brook Financial Partners LLC boosted its stake in shares of Microsoft by 6.0% during the 4th quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after acquiring an additional 931 shares in the last quarter. ACT Wealth Management LLC boosted its stake in shares of Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after acquiring an additional 34 shares in the last quarter. Mattern Wealth Management LLC raised its position in shares of Microsoft by 1.0% during the 4th quarter. Mattern Wealth Management LLC now owns 52,156 shares of the software giant’s stock worth $17,541,000 after purchasing an additional 497 shares during the last quarter. Zevin Asset Management LLC raised its position in shares of Microsoft by 3.5% during the 4th quarter. Zevin Asset Management LLC now owns 56,834 shares of the software giant’s stock worth $19,115,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Regent Investment Management LLC raised its position in shares of Microsoft by 3.3% during the 4th quarter. Regent Investment Management LLC now owns 58,267 shares of the software giant’s stock worth $19,596,000 after purchasing an additional 1,885 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $282.47 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The stock has a market capitalization of $2.11 trillion, a P/E ratio of 29.30, a PEG ratio of 2.34 and a beta of 0.93. The company has a 50 day moving average price of $262.41 and a 200 day moving average price of $280.40. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted 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 return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the previous year, the firm posted $2.17 EPS. Equities research analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Announces Dividend

The business 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 dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s payout ratio is currently 25.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Cowen restated a “maintains” rating and set a $320.00 price target (down previously from $330.00) on shares of Microsoft in a research report on Wednesday, July 27th. Evercore ISI reduced their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. Wolfe Research reduced their price target on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Finally, UBS Group set a $330.00 price target on shares of Microsoft in a research report on Monday, June 20th. One investment analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $333.88.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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