Alphastar Capital Management LLC Sells 741 Shares of Microsoft Co. (NASDAQ:MSFT)

Alphastar Capital Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,893 shares of the software giant’s stock after selling 741 shares during the period. Microsoft makes up approximately 1.2% of Alphastar Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Alphastar Capital Management LLC’s holdings in Microsoft were worth $14,766,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in Microsoft during the fourth quarter worth about $1,535,000. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter worth about $40,000. Tobam lifted its stake in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft during the first quarter worth about $68,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft during the fourth quarter worth about $84,000. Institutional investors own 69.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group set a $330.00 price objective on Microsoft in a report on Monday, June 20th. Citigroup decreased their price objective on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Itau BBA Securities initiated coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Finally, Wolfe Research reduced their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. One research analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $335.72.

Microsoft Stock Performance

MSFT stock opened at $282.91 on Friday. The stock has a market capitalization of $2.11 trillion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. 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 stock’s 50 day simple moving average is $262.96 and its 200 day simple moving average is $280.24.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the firm earned $2.17 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business 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. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. Microsoft’s dividend payout ratio 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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