UBP Investment Advisors SA boosted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,520 shares of the software giant’s stock after acquiring an additional 120 shares during the period. UBP Investment Advisors SA’s holdings in Microsoft were worth $470,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cedar Brook Financial Partners LLC boosted its holdings in Microsoft by 6.0% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after buying an additional 931 shares during the last quarter. ACT Wealth Management LLC boosted its holdings in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after buying an additional 34 shares during the last quarter. Mattern Wealth Management LLC boosted its holdings in Microsoft by 1.0% during the fourth quarter. Mattern Wealth Management LLC now owns 52,156 shares of the software giant’s stock worth $17,541,000 after buying an additional 497 shares during the last quarter. Zevin Asset Management LLC boosted its holdings in Microsoft by 3.5% during the fourth quarter. Zevin Asset Management LLC now owns 56,834 shares of the software giant’s stock worth $19,115,000 after buying an additional 1,910 shares during the last quarter. Finally, Regent Investment Management LLC boosted its holdings in Microsoft by 3.3% during the fourth quarter. Regent Investment Management LLC now owns 58,267 shares of the software giant’s stock worth $19,596,000 after buying an additional 1,885 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
Microsoft Stock Up 2.8 %
NASDAQ:MSFT opened at $282.47 on Thursday. The firm has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The stock’s 50 day moving average price is $262.41 and its two-hundred day moving average price is $280.40. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued 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 payout ratio is presently 25.73%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MSFT. Fundamental Research restated a “hold” rating and set a $280.50 target price on shares of Microsoft in a report on Wednesday. Rosenblatt Securities cut their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Stifel Nicolaus cut their price objective on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Piper Sandler cut their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Finally, UBS Group set a $330.00 price objective on Microsoft in a report on Monday, June 20th. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $333.88.
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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