Ballew Advisors Inc raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 35.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,140 shares of the software giant’s stock after buying an additional 556 shares during the quarter. Ballew Advisors Inc’s holdings in Microsoft were worth $616,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after purchasing an additional 3,027,306 shares during the last quarter. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter worth about $24,401,940,000. Nuveen Asset Management LLC raised its position in shares of Microsoft by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after purchasing an additional 584,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Microsoft by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after purchasing an additional 652,526 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on MSFT. Cowen reduced their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. KeyCorp reduced their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Stifel Nicolaus cut their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Finally, Evercore ISI cut their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research note on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $335.72.
Microsoft Stock Down 0.3 %
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the firm earned $2.17 EPS. As a group, equities analysts expect 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. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.
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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