Avitas Wealth Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 191.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,235 shares of the software giant’s stock after buying an additional 65,842 shares during the period. Microsoft makes up approximately 5.6% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Avitas Wealth Management LLC’s holdings in Microsoft were worth $30,903,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MSFT. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter worth $40,000. Tobam lifted its stake in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft during the first quarter worth $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new stake in Microsoft during the fourth quarter worth $80,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft during the fourth quarter worth $84,000. 69.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. KeyCorp cut their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. UBS Group set a $330.00 price target on shares of Microsoft in a report on Monday, June 20th. Cowen reiterated a “maintains” rating and set a $320.00 price target (down from $330.00) on shares of Microsoft in a report on Wednesday, July 27th. Rosenblatt Securities lowered their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Finally, Barclays lowered their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, June 10th. One analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.88.
Microsoft Price Performance
MSFT stock opened at $282.47 on Thursday. The stock has a market capitalization of $2.11 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. The company’s 50-day moving average is $262.41 and its 200-day moving average is $280.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released 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 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the firm posted $2.17 EPS. Equities research analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.88%. Microsoft’s payout ratio is 25.73%.
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.
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.