Boyd Watterson Asset Management LLC OH increased its holdings of Microsoft Co. (NASDAQ:MSFT – Get Rating) stock by 0.9% during Q1, Holdings Channel reports. The company held 49,590 shares of the software giant after buying an additional 464 shares during the quarter. Microsoft owns 5.6% of the holdings of Boyd Watterson Asset Management LLC OH, making the stock its 3rd largest position. Boyd Watterson Asset Management LLC OH’s holdings in Microsoft were worth $15,289,000 at the end of last quarter.
Other institutional investors and hedge funds have also increased or reduced their stake in the company. Cedar Brook Financial Partners LLC increased its position in Microsoft by 6.0% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant worth $5,520,000 after buying 931 additional shares in the last quarter. ACT Wealth Management LLC increased its position in Microsoft shares by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant valued at $1,378,000 after buying 34 more shares last quarter. Alley Co LLC increased its position in Microsoft shares by 1.4% in the fourth quarter. Alley Co LLC now owns 59,420 shares of the software giant valued at $19,984,000 after buying an additional 822 shares last quarter. Burleson & Company LLC increased its stake in Microsoft by 2.6% in the fourth quarter. Burleson & Company LLC now owns 100,996 shares of the software giant valued at $33,967,000 after purchasing an additional 2,519 shares during the period. Finally, Brickley Wealth Management increased its stake in Microsoft by 12.2% during the fourth quarter. Brickley Wealth Management now owns 3,140 shares of the software giant valued at $1,056,000 after buying 341 additional shares during the period. Institutional investors hold 69.99% of the company’s shares.
Microsoft stock up 1.6%
NASDAQ:MSFT shares opened at $280.74 on Friday. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The company has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a debt ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The stock’s 50-day moving average is $261.36 and its 200-day moving average is $281.34.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly results on Tuesday, July 26. The software giant reported earnings per share (EPS) of $2.23 for the quarter, missing consensus analyst estimates of $2.29 per ($0.06). Microsoft had a net margin of 37.63% and a return on equity of 44.85%. During the same period a year earlier, the company posted EPS of $2.17. Sell-side analysts expect Microsoft Co. to post EPS of 9.27 for the current year.
Microsoft dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is 25.89%.
Changes to analyst ratings
Several research companies have recently published reports on MSFT. Goldman Sachs Group set Microsoft a price target of $365.00 in a research note on Wednesday, April 27. Itaú Unibanco began covering Microsoft in a research note on Tuesday. They set an “outperform” rating and a price target of $287.00 for the company. Wedbush lowered its price target on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered its price target on Microsoft from $320.00 to $305.00 and set a “hold” rating for the company in a research note Wednesday. Finally, Royal Bank of Canada set a price target of $380.00 on Microsoft in a research note on Thursday, May 19. One investment analyst gave the stock a hold rating and twenty-nine gave the company’s stock a buy rating. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $334.80.
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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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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