Microsoft Co. (NASDAQ:MSFT) is Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ 5th Largest Position

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,967 shares of the software giant’s stock after buying an additional 1,521 shares during the period. Microsoft accounts for 2.7% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 5th biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Microsoft were worth $11,397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Cedar Brook Financial Partners LLC raised its holdings in shares of Microsoft by 6.0% in 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 raised its holdings in shares of 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 purchasing an additional 34 shares during the last quarter. Centric Wealth Management raised its holdings in shares of Microsoft by 6.4% during the fourth quarter. Centric Wealth Management now owns 11,801 shares of the software giant’s stock worth $3,969,000 after purchasing an additional 706 shares during the last quarter. Buttonwood Financial Advisors Inc. purchased a new position in shares of Microsoft during the fourth quarter worth $6,327,000. Finally, Briggs Advisory Group Inc. purchased a new position in shares of Microsoft during the fourth quarter worth $906,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $283.65 on Friday. The company’s 50-day moving average price is $262.77 and its 200-day moving average price is $280.22. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.12 trillion, a P/E ratio of 29.42, a P/E/G ratio of 2.31 and a beta of 0.93. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its 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 quarter in the previous year, the company earned $2.17 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders 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 yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a report on Thursday, May 19th. KeyCorp reduced their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Redburn Partners assumed coverage on shares of Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price for the company. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a report on Tuesday, July 26th. Finally, Piper Sandler dropped their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. One analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $335.72.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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