Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lessened by Malaga Cove Capital LLC

Malaga Cove Capital LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,279 shares of the software giant’s stock after selling 44 shares during the quarter. Malaga Cove Capital LLC’s holdings in Microsoft were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after purchasing an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its holdings in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after buying an additional 1,357 shares during the last quarter. KRS Capital Management LLC increased its holdings in Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after buying an additional 218 shares during the last quarter. Dfpg Investments LLC increased its holdings in Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock worth $7,585,000 after buying an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock worth $45,441,000 after buying an additional 43,189 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Itau BBA Securities started coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. Fundamental Research reiterated a “hold” rating and set a $280.50 price target on shares of Microsoft in a report on Wednesday. Finally, Redburn Partners started coverage on Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target on the stock. One analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $335.72.

Microsoft Stock Down 0.3 %

Shares of MSFT stock opened at $282.91 on Friday. The stock has a market cap of $2.11 trillion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The stock has a fifty day moving average price of $262.96 and a 200 day moving average price of $280.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.

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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the firm earned $2.17 earnings per share. Analysts predict that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued 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 dividend yield of 0.88%. Microsoft’s payout ratio is presently 25.73%.

Microsoft 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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