Zeit Capital LLC decreased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,650 shares of the software giant’s stock after selling 500 shares during the quarter. Microsoft accounts for approximately 2.4% of Zeit Capital LLC’s holdings, making the stock its 14th largest holding. Zeit Capital LLC’s holdings in Microsoft were worth $2,478,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. DGS Capital Management LLC grew its position in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Kwmg LLC increased its position in shares of Microsoft by 2.4% in the first quarter. Kwmg LLC now owns 18,890 shares of the software giant’s stock valued at $5,824,000 after acquiring an additional 437 shares during the last quarter. Essex LLC raised its holdings in Microsoft by 194.4% during the first quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after acquiring an additional 9,396 shares in the last quarter. Finally, Blossom Wealth Management boosted its position in Microsoft by 7.3% during the first quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock valued at $816,000 after purchasing an additional 181 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
MSFT has been the topic of a number of analyst reports. Macquarie initiated coverage on Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective on the stock. Evercore ISI dropped their price target on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Cowen decreased their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Fundamental Research dropped their target price on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Finally, Citigroup reduced their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $300.64.
Insider Transactions at Microsoft
Microsoft Stock Up 0.3 %
MSFT stock opened at $242.05 on Tuesday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $349.67. The business has a 50-day simple moving average of $237.35 and a 200 day simple moving average of $255.89. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.80 trillion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 EPS. Sell-side analysts anticipate that Microsoft Co. will post 9.62 EPS for the current fiscal year.
Microsoft Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.68 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
- Get a free copy of the StockNews.com research report on Microsoft (MSFT)
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