MBE Wealth Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 21.8% in the 1st quarter, Holdings Channel reports. The fund owned 2,614 shares of the software giant’s stock after buying an additional 468 shares during the quarter. Microsoft accounts for about 0.5% of MBE Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. MBE Wealth Management LLC’s holdings in Microsoft were worth $806,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of MSFT. Norges Bank bought a new position in shares of Microsoft in the 4th quarter worth about $24,401,940,000. Allspring Global Investments Holdings LLC bought a new position in shares of Microsoft in the 4th quarter worth about $2,952,329,000. State Street Corp increased its stake 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 acquiring an additional 8,108,943 shares in the last quarter. Castleview Partners LLC bought a new position in shares of Microsoft in the 4th quarter worth about $11,872,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Microsoft by 7.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant’s stock worth $13,107,412,000 after acquiring an additional 3,258,613 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.
MSFT has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Microsoft in a research note on Thursday, March 31st. They set a “buy” rating for the company. Fundamental Research reduced their price objective on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, May 3rd. Wolfe Research raised their price objective on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Citigroup raised their price objective on shares of Microsoft from $355.00 to $364.00 in a research note on Wednesday, April 27th. Finally, Redburn Partners initiated coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective for the company. One investment analyst has rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $350.72.
Shares of NASDAQ:MSFT opened at $254.08 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a market capitalization of $1.90 trillion, a P/E ratio of 26.52, a P/E/G ratio of 2.20 and a beta of 0.93. The firm’s 50 day simple moving average is $260.95 and its two-hundred day simple moving average is $286.14.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.04. The business had revenue of $49.36 billion for the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.
The business also recently disclosed 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 0.98%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.89%.
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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