Investment Advisory Group LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,368 shares of the software giant’s stock after purchasing an additional 73 shares during the quarter. Microsoft makes up 1.5% of Investment Advisory Group LLC’s investment portfolio, making the stock its 18th largest position. Investment Advisory Group LLC’s holdings in Microsoft were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Monumental Financial Group Inc. bought a new position in Microsoft during the first quarter valued at about $28,000. Newfound Research LLC increased its holdings in shares of Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in Microsoft in the 2nd quarter worth approximately $104,000. Darrow Company Inc. bought a new stake in Microsoft during the second quarter worth approximately $82,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in Microsoft during the third quarter valued at approximately $82,000. Institutional investors and hedge funds own 69.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on MSFT shares. Royal Bank of Canada set a $285.00 price objective on shares of Microsoft in a research note on Wednesday. Macquarie began coverage on shares of Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target for the company. Piper Sandler dropped their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. Fundamental Research decreased their target price on Microsoft to $270.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Finally, Wells Fargo & Company dropped their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.33.
Insiders Place Their Bets
Microsoft Stock Down 1.6 %
Shares of MSFT opened at $231.93 on Friday. The business’s 50 day simple moving average is $241.84 and its 200-day simple moving average is $250.23. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The company has a market capitalization of $1.73 trillion, a P/E ratio of 24.99, a PEG ratio of 2.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Co. will post 9.52 EPS for the current fiscal year.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s payout ratio 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.
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