McLean Asset Management Corp Acquires 249 Shares of Microsoft Co. (NASDAQ:MSFT)

McLean Asset Management Corp increased its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,429 shares of the software giant’s stock after acquiring an additional 249 shares during the quarter. Microsoft comprises 3.1% of McLean Asset Management Corp’s portfolio, making the stock its 7th biggest holding. McLean Asset Management Corp’s holdings in Microsoft were worth $4,140,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Steward Financial Group LLC acquired a new position in shares of Microsoft during the 4th quarter worth approximately $330,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Microsoft by 0.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock worth $241,156,000 after acquiring an additional 3,421 shares during the last quarter. Zimmermann Investment Management & Planning LLC acquired a new position in Microsoft in the 4th quarter valued at $2,550,000. Horizon Investments LLC grew its holdings in Microsoft by 6.0% in the 4th quarter. Horizon Investments LLC now owns 126,707 shares of the software giant’s stock valued at $42,614,000 after buying an additional 7,195 shares in the last quarter. Finally, Principal Street Partners LLC grew its holdings in Microsoft by 3.2% in the 4th quarter. Principal Street Partners LLC now owns 27,004 shares of the software giant’s stock valued at $9,082,000 after buying an additional 830 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Microsoft stock opened at $258.86 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.94 trillion, a PE ratio of 27.02, a P/E/G ratio of 2.29 and a beta of 0.94. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The stock has a 50-day moving average price of $267.07 and a two-hundred day moving average price of $293.43.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, beating the consensus estimate of $2.18 by $0.04. The firm had revenue of $49.36 billion during 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 business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $1.95 earnings per share. As a group, analysts predict that Microsoft Co. will post 9.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.96%. Microsoft’s dividend payout ratio (DPR) is 25.89%.

A number of research analysts have commented on MSFT shares. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a report on Thursday, June 9th. Fundamental Research decreased their price objective on Microsoft from $299.93 to $298.00 and set a “hold” rating on the stock in a report on Tuesday, May 3rd. Credit Suisse Group set a $400.00 price objective on Microsoft in a report on Friday, June 3rd. Evercore ISI decreased their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Finally, Citigroup increased their target price on Microsoft from $355.00 to $364.00 in a report on Wednesday, April 27th. One research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.36.

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.

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).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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.