Chico Wealth RIA Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Chico Wealth RIA purchased a new position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,456 shares of the software giant’s stock, valued at approximately $449,000. Microsoft accounts for approximately 0.4% of Chico Wealth RIA’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also made changes to their positions in MSFT. ACT Wealth Management LLC boosted 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 period. Krilogy Financial LLC lifted its stake in Microsoft by 2.5% in the fourth quarter. Krilogy Financial LLC now owns 28,750 shares of the software giant’s stock valued at $9,669,000 after acquiring an additional 690 shares during the last quarter. Nova R Wealth Inc. acquired a new stake in Microsoft in the fourth quarter valued at approximately $2,236,000. Stevens Capital Management LP lifted its stake in Microsoft by 54.4% in the fourth quarter. Stevens Capital Management LP now owns 27,394 shares of the software giant’s stock valued at $9,213,000 after acquiring an additional 9,653 shares during the last quarter. Finally, Bank of The West lifted its stake in Microsoft by 1.2% in the fourth quarter. Bank of The West now owns 174,586 shares of the software giant’s stock valued at $58,717,000 after acquiring an additional 2,135 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a research note on Tuesday, July 26th. JPMorgan Chase & Co. set a $320.00 target price on shares of Microsoft in a research note on Thursday, June 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research report on Wednesday, April 27th. Finally, Evercore ISI dropped their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $335.72.

Microsoft Stock Down 0.3 %

Shares of NASDAQ:MSFT opened at $282.91 on Friday. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company’s fifty day moving average is $262.96 and its 200-day moving average is $280.24. The company has a market capitalization of $2.11 trillion, a PE ratio of 29.35, a P/E/G ratio of 2.38 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 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 quarter last year, the company posted $2.17 earnings per share. Equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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