Landmark Wealth Management LLC Buys Shares of 3,698 Microsoft Co. (NASDAQ:MSFT)

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Landmark Wealth Management LLC bought a new stake in Microsoft Co. (NASDAQ:MSFTGet Rating) during the 1st quarter, Holdings Channel reports. The firm bought 3,698 shares of the software giant’s stock, valued at approximately $1,140,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cedar Brook Financial Partners LLC lifted its holdings in shares of Microsoft by 6.0% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after acquiring an additional 931 shares during the last quarter. ACT Wealth Management LLC lifted its holdings in shares of Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after acquiring an additional 34 shares during the last quarter. Mattern Wealth Management LLC lifted its holdings in shares of Microsoft by 1.0% in the 4th quarter. Mattern Wealth Management LLC now owns 52,156 shares of the software giant’s stock worth $17,541,000 after acquiring an additional 497 shares during the last quarter. Zevin Asset Management LLC lifted its holdings in shares of Microsoft by 3.5% in the 4th quarter. Zevin Asset Management LLC now owns 56,834 shares of the software giant’s stock worth $19,115,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Regent Investment Management LLC lifted its holdings in shares of Microsoft by 3.3% in the 4th quarter. Regent Investment Management LLC now owns 58,267 shares of the software giant’s stock worth $19,596,000 after acquiring an additional 1,885 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 2.8 %

NASDAQ MSFT opened at $282.47 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The firm’s fifty day moving average price is $262.41 and its 200 day moving average price is $280.40. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share 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 last year, the firm posted $2.17 EPS. On average, sell-side analysts expect that Microsoft Co. will post 10.14 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. Investors of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSFT. KeyCorp decreased their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Wolfe Research reduced their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Citigroup reduced their target price on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Itaú Unibanco started coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price on the stock. Finally, The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a report on Wednesday, April 27th. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $333.88.

About Microsoft

(Get 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, 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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