Microsoft Co. (NASDAQ:MSFT) Shares Bought by Avitas Wealth Management LLC

Avitas Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 191.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 100,235 shares of the software giant’s stock after buying an additional 65,842 shares during the period. Microsoft accounts for approximately 5.6% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Avitas Wealth Management LLC’s holdings in Microsoft were worth $30,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Microsoft by 2.8% in 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 buying an additional 8,108,943 shares during the period. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after buying an additional 3,027,306 shares during the period. Norges Bank bought a new position in shares of Microsoft in the 4th quarter worth $24,401,940,000. Nuveen Asset Management LLC boosted its position in shares of Microsoft by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after purchasing an additional 584,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Microsoft by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after purchasing an additional 652,526 shares during the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MSFT shares. Wells Fargo & Company reduced their price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. Evercore ISI reduced their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday, April 27th. Cowen reduced their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Redburn Partners started coverage on Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target on the stock. Finally, 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. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $333.88.

Microsoft Price 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’s 50-day simple moving average is $262.41 and its 200 day simple moving average is $280.40. The company has a market cap of $2.11 trillion, a P/E ratio of 29.30, a P/E/G ratio of 2.34 and a beta of 0.93. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) 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 period last year, the company posted $2.17 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

About Microsoft

(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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