Magnolia Wealth Management LLC Buys 55,302 Shares of Microsoft Co. (NASDAQ:MSFT)

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Magnolia Wealth Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7,800.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,011 shares of the software giant’s stock after acquiring an additional 55,302 shares during the quarter. Microsoft makes up approximately 0.2% of Magnolia Wealth Management LLC’s holdings, making the stock its 15th largest holding. Magnolia Wealth Management LLC’s holdings in Microsoft were worth $16,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Horst & Graben Wealth Management LLC boosted its holdings in shares of Microsoft by 3.6% in the 1st quarter. Horst & Graben Wealth Management LLC now owns 3,079 shares of the software giant’s stock worth $949,000 after acquiring an additional 106 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Microsoft by 3.9% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 38,302 shares of the software giant’s stock worth $11,809,000 after buying an additional 1,442 shares in the last quarter. Mcdaniel Terry & Co. lifted its holdings in Microsoft by 0.7% during the 1st quarter. Mcdaniel Terry & Co. now owns 312,532 shares of the software giant’s stock worth $96,357,000 after buying an additional 2,109 shares in the last quarter. Shaker Investments LLC OH lifted its holdings in Microsoft by 386.1% during the 1st quarter. Shaker Investments LLC OH now owns 13,140 shares of the software giant’s stock worth $4,051,000 after buying an additional 10,437 shares in the last quarter. Finally, Ninety One SA PTY Ltd lifted its holdings in Microsoft by 97.4% during the 1st quarter. Ninety One SA PTY Ltd now owns 132,858 shares of the software giant’s stock worth $41,489,000 after buying an additional 65,565 shares in the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Evercore ISI reduced their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Barclays reduced their price objective on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Mizuho reduced their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Redburn Partners assumed coverage on Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target on the stock. Finally, Wolfe Research dropped their price objective on Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.80.

Microsoft Trading Up 1.6 %

NASDAQ MSFT opened at $280.74 on Monday. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.01 and a beta of 0.93. The stock’s 50 day moving average price is $261.36 and its two-hundred day moving average price is $281.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same period in the prior year, the firm posted $2.17 EPS. As a group, analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft Profile

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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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