Element Wealth LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,227 shares of the software giant’s stock after purchasing an additional 133 shares during the quarter. Element Wealth LLC’s holdings in Microsoft were worth $687,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ACT Wealth Management LLC raised its stake in Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after purchasing an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC raised its stake in Microsoft by 0.7% during the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after purchasing an additional 34 shares during the period. KB Financial Partners LLC raised its stake in Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after purchasing an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC raised its stake in Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after purchasing an additional 37 shares during the period. Finally, Strategic Asset Management LLC raised its stake in Microsoft by 5.9% during the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Stock Performance
NASDAQ MSFT opened at $283.65 on Friday. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.31 and a beta of 0.93. The company has a 50 day moving average of $262.77 and a 200-day moving average of $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. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on MSFT shares. Citigroup dropped their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Cowen dropped their price target on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, July 22nd. Itaú Unibanco assumed coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective for the company. JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a report on Thursday, June 9th. Finally, Redburn Partners assumed coverage on shares of Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $335.72.
Microsoft Company Profile
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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