Microsoft Co. (NASDAQ:MSFT) Stake Lifted by Red Door Wealth Management LLC

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Red Door Wealth Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,823 shares of the software giant’s stock after purchasing an additional 1,295 shares during the period. Microsoft accounts for 3.6% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Red Door Wealth Management LLC’s holdings in Microsoft were worth $10,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Shore Point Advisors LLC bought a new stake in shares of Microsoft in the fourth quarter valued at $40,000. Macroview Investment Management LLC purchased a new stake in Microsoft during the fourth quarter valued at about $62,000. TFO TDC LLC raised its position in shares of Microsoft by 6,566.7% in the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after purchasing an additional 197 shares during the period. Castle Financial & Retirement Planning Associates Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at approximately $80,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft in the 4th quarter worth approximately $84,000. Institutional investors own 69.99% of the company’s stock.

Microsoft Stock Up 1.0 %

Shares of NASDAQ:MSFT opened at $256.72 on Friday. The stock has a market capitalization of $1.92 trillion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93. The stock’s 50-day moving average price is $260.59 and its 200-day moving average price is $285.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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 firm had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Announces Dividend

The firm 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 $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. BMO Capital Markets dropped their price objective on Microsoft from $345.00 to $305.00 in a report on Friday. KeyCorp reduced their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Wells Fargo & Company lowered their price target on shares of Microsoft from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. Finally, Barclays reduced their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. One research analyst has rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.52.

About Microsoft

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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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