Oak Asset Management LLC Has $2.23 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Oak Asset Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,246 shares of the software giant’s stock after acquiring an additional 75 shares during the period. Oak Asset Management LLC’s holdings in Microsoft were worth $2,234,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ACT Wealth Management LLC increased its holdings in shares of Microsoft by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after purchasing an additional 34 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC boosted its position in shares of Microsoft by 0.7% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after acquiring an additional 34 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of Microsoft by 0.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,869 shares of the software giant’s stock valued at $1,301,000 after acquiring an additional 35 shares during the period. Hanlon Investment Management Inc. boosted its position in shares of Microsoft by 1.2% in the fourth quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant’s stock valued at $965,000 after acquiring an additional 35 shares during the period. Finally, KB Financial Partners LLC boosted its position in shares of Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after acquiring an additional 35 shares during the period. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSFT. Mizuho reduced their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup reduced their target price on shares of Microsoft from $364.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus cut their price objective on shares of Microsoft from $350.00 to $320.00 in a research report on Thursday, June 2nd. Deutsche Bank Rese… set a $350.00 price objective on shares of Microsoft in a research report on Monday. Finally, Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research report on Friday, June 3rd. One equities research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $348.07.

Microsoft Stock Performance

Microsoft stock opened at $259.53 on Wednesday. The business has a 50 day moving average of $260.18 and a 200-day moving average of $284.38. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The company has a market capitalization of $1.94 trillion, a P/E ratio of 27.09, a P/E/G ratio of 2.12 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.04. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, equities research analysts predict that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Announces Dividend

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

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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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