Nauset Wealth Management. LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

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Nauset Wealth Management. LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.2% in the 1st quarter, HoldingsChannel reports. The fund owned 2,754 shares of the software giant’s stock after buying an additional 322 shares during the quarter. Microsoft accounts for 0.7% of Nauset Wealth Management. LLC’s portfolio, making the stock its 28th biggest position. Nauset Wealth Management. LLC’s holdings in Microsoft were worth $849,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Microsoft by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after acquiring an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its position in Microsoft by 12.6% during the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares in the last quarter. KRS Capital Management LLC boosted its stake in Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after purchasing an additional 218 shares during the last quarter. Dfpg Investments LLC boosted its stake in Microsoft by 22.9% during the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after purchasing an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Microsoft by 41.4% during the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after purchasing an additional 43,189 shares during the last quarter. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSFT. Wolfe Research dropped their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Morgan Stanley dropped their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Itaú Unibanco initiated coverage on Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Jefferies Financial Group decreased their target price on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Finally, Rosenblatt Securities decreased their target price on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $333.88.

Microsoft Trading Up 2.8 %

MSFT opened at $282.47 on Thursday. The firm has a market cap of $2.11 trillion, a P/E ratio of 29.30, a P/E/G 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. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $262.41 and a 200 day moving average of $280.40.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly 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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the business posted $2.17 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The business 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 dividend payout ratio is currently 25.73%.

Microsoft Company Profile

(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.

Further Reading

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