Retirement Planning Group reduced its stake in Microsoft Co. (NASDAQ: MSFT – Get a rating) by 1.7% in the 1st quarter, according to its latest communication to the SEC. The fund held 4,862 shares of the software giant after selling 86 shares during the quarter. Retirement Planning Group’s holdings in Microsoft were worth $1,499,000 at the end of last quarter.
Other institutional investors also changed their positions in the company. Shore Point Advisors LLC bought a new position in Microsoft stock during the fourth quarter worth about $40,000. Macroview Investment Management LLC bought a new position in Microsoft in the fourth quarter worth $62,000. TFO TDC LLC increased its stake in Microsoft by 6,566.7% in the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant worth $68,000 after buying 197 more shares in the last quarter. Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft in the fourth quarter worth $80,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft in the fourth quarter worth $84,000. Institutional investors hold 69.99% of the company’s shares.
Shares of Microsoft share opened at $267.66 on Friday. The stock has a market cap of $2 trillion, a price-to-earnings ratio of 27.94, a growth price-to-earnings ratio of 2.20 and a beta of 0.93. The company has a debt ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The stock has a 50-day moving average price of $263.12 and a 200-day moving average price of $288.46. Microsoft Co. has a one-year low of $241.51 and a one-year high of $349.67.
Microsoft (NASDAQ: MSFT – Get a rating) last announced its results on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating analyst consensus estimates of $2.18 by $0.04. The company posted revenue of $49.36 billion in the quarter, compared to $49.05 billion expected by analysts. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company’s quarterly revenue increased 18.4% year over year. In the same quarter of the previous year, the company achieved EPS of $1.95. Sell-side analysts expect Microsoft Co. to post earnings per share of 9.28 for the current fiscal year.
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. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, August 17. Microsoft’s dividend payout ratio (DPR) is 25.89%.
A number of research companies have published reports on MSFT. Stifel Nicolaus lowered his price target on Microsoft from $350.00 to $320.00 in a Thursday, June 2 report. Royal Bank of Canada set a target price of $380.00 on Microsoft in a Thursday, May 19 research note. KeyCorp cut its target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday. Fundamental Research cut its price target on Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a Tuesday, May 3 research note. To finish, StockNews.com launched coverage on Microsoft in a research note on Thursday, March 31. They issued a “buy” rating on the stock. One equity research analyst gave the stock a hold rating and thirty gave the company a buy rating. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $351.34.
Microsoft Company Profile (Get a 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, 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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