Chico Wealth RIA Takes $449,000 Position in Microsoft Co. (NASDAQ:MSFT)

view original post

Chico Wealth RIA bought a new stake in Microsoft Co. (NASDAQ:MSFTGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,456 shares of the software giant’s stock, valued at approximately $449,000. Microsoft accounts for about 0.4% of Chico Wealth RIA’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Wealth Enhancement Advisory Services LLC boosted its stake in Microsoft by 5.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after acquiring an additional 7,210 shares during the last quarter. Arbor Investment Advisors LLC boosted its stake 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 acquiring an additional 1,357 shares during 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 acquiring 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 acquiring 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 acquiring an additional 43,189 shares during the last quarter. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MSFT shares. Citigroup reduced their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Evercore ISI reduced their price objective on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research note on Wednesday, April 27th. 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, July 29th. Rosenblatt Securities reduced their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Finally, Wedbush reduced their price target on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $335.72.

Microsoft Stock Performance

Shares of MSFT opened at $282.91 on Friday. The firm’s 50 day moving average is $262.96 and its 200-day moving average is $280.24. The stock has a market capitalization of $2.11 trillion, a P/E ratio of 29.35, a P/E/G ratio of 2.38 and a beta of 0.93. 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 12-month low of $241.51 and a 12-month 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 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 quarter last year, the firm posted $2.17 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is currently 25.73%.

Microsoft 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.

See Also

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

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.

Related Posts