Jeppson Wealth Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,447 shares of the software giant’s stock after acquiring an additional 659 shares during the quarter. Microsoft accounts for 1.9% of Jeppson Wealth Management LLC’s holdings, making the stock its 8th largest position. Jeppson Wealth Management LLC’s holdings in Microsoft were worth $4,145,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Joseph Group Capital Management bought a new stake in Microsoft in the fourth quarter valued at about $1,535,000. Shore Point Advisors LLC bought a new stake in Microsoft in the fourth quarter valued at about $40,000. Tobam increased its stake in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Artemis Wealth Advisors LLC bought a new stake in Microsoft in the first quarter valued at about $68,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft in the fourth quarter valued at about $84,000. Institutional investors own 69.99% of the company’s stock.
Microsoft Stock Up 1.6 %
Shares of NASDAQ:MSFT opened at $280.74 on Friday. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The company has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a PEG ratio of 2.01 and a beta of 0.93. The company has a 50 day moving average price of $261.36 and a two-hundred day moving average price of $281.34.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 37.63% and a return on equity of 44.85%. During the same quarter in the prior year, the company posted $2.17 earnings per share. Analysts forecast that Microsoft Co. will post 9.27 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is presently 25.89%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Itau BBA Securities assumed coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Itaú Unibanco assumed coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. KeyCorp reduced their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Wolfe Research reduced their price target on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $334.80.
Microsoft Company Profile
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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