Nauset Wealth Management. LLC Buys 322 Shares of Microsoft Co. (NASDAQ:MSFT)

Nauset Wealth Management. LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,754 shares of the software giant’s stock after buying an additional 322 shares during the quarter. Microsoft accounts for about 0.7% of Nauset Wealth Management. LLC’s investment portfolio, making the stock its 28th largest position. Nauset Wealth Management. LLC’s holdings in Microsoft were worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Cedar Brook Financial Partners LLC increased its holdings in Microsoft by 6.0% during the 4th quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock valued at $5,520,000 after purchasing an additional 931 shares in the last quarter. ACT Wealth Management LLC increased its stake in shares of Microsoft by 0.8% in the 4th 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 during the period. Mattern Wealth Management LLC increased its stake in shares of Microsoft by 1.0% in the 4th quarter. Mattern Wealth Management LLC now owns 52,156 shares of the software giant’s stock valued at $17,541,000 after buying an additional 497 shares during the period. Zevin Asset Management LLC increased its stake in shares of Microsoft by 3.5% in the 4th quarter. Zevin Asset Management LLC now owns 56,834 shares of the software giant’s stock valued at $19,115,000 after buying an additional 1,910 shares during the period. Finally, Regent Investment Management LLC increased its stake in shares of Microsoft by 3.3% in the 4th quarter. Regent Investment Management LLC now owns 58,267 shares of the software giant’s stock valued at $19,596,000 after buying an additional 1,885 shares during the period. 69.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on MSFT shares. Jefferies Financial Group dropped their price objective on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Wolfe Research decreased their target price on Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Stifel Nicolaus decreased their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. The Goldman Sachs Group set a $365.00 target price on Microsoft in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company decreased their target price on Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. One research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $333.88.

Microsoft Trading Up 2.8 %

Shares of Microsoft stock opened at $282.47 on Thursday. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The stock 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. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $262.41 and its 200-day moving average is $280.40.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the firm posted $2.17 EPS. Equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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