Arbor Investment Advisors LLC grew its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 12.6% during the first quarter, HoldingsChannel reports. The firm owned 12,142 shares of the software giant’s stock after purchasing an additional 1,357 shares during the quarter. Microsoft comprises approximately 0.7% of Arbor Investment Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Arbor Investment Advisors LLC’s holdings in Microsoft were worth $3,743,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Shore Point Advisors LLC acquired a new position in Microsoft during the 4th quarter worth approximately $40,000. Macroview Investment Management LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $62,000. TFO TDC LLC grew its holdings in Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock worth $68,000 after acquiring an additional 197 shares during the period. Castle Financial & Retirement Planning Associates Inc. purchased a new position in Microsoft in the fourth quarter worth $80,000. Finally, Evolution Advisers Inc. acquired a new stake in Microsoft in the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Microsoft Trading Up 1.0 %
MSFT stock opened at $256.72 on Friday. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The company has a market cap of $1.92 trillion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.09 and a beta of 0.93. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $260.59 and a 200-day simple moving average of $285.93.
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.04. The company had revenue of $49.36 billion for the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $1.95 EPS. On average, equities research analysts expect that Microsoft Co. will post 9.27 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.97%. Microsoft’s dividend payout ratio is currently 25.89%.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of research analyst reports. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a report on Friday, June 3rd. Wedbush reduced their price target on shares of Microsoft from $375.00 to $340.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. Royal Bank of Canada set a $380.00 price target on Microsoft in a report on Thursday, May 19th. Barclays reduced their price objective on Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, June 10th. Finally, Citigroup upped their target price on Microsoft from $355.00 to $364.00 in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $349.52.
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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