Microsoft Co. (NASDAQ:MSFT) Shares Acquired by KRS Capital Management LLC

KRS Capital Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,781 shares of the software giant’s stock after buying an additional 218 shares during the period. Microsoft makes up approximately 1.6% of KRS Capital Management LLC’s holdings, making the stock its 11th largest position. KRS Capital Management LLC’s holdings in Microsoft were worth $1,474,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. State Street Corp boosted its stake in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares during the period. Geode Capital Management LLC lifted its position in Microsoft by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank acquired a new stake in Microsoft in the fourth quarter valued at about $24,401,940,000. Nuveen Asset Management LLC lifted its position in Microsoft by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after purchasing an additional 584,273 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Microsoft by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after purchasing an additional 652,526 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wedbush reduced their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. UBS Group set a $330.00 price objective on shares of Microsoft in a research report on Monday, June 20th. Redburn Partners started coverage on shares of Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target for the company. BMO Capital Markets lifted their price target on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Finally, Citigroup reduced their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $334.80.

Microsoft Stock Up 1.6 %

Shares of Microsoft stock opened at $280.74 on Monday. The company has a fifty day moving average price of $261.36 and a 200 day moving average price of $281.11. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The stock has a market cap of $2.10 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 37.63% and a return on equity of 44.85%. During the same period last year, the business posted $2.17 earnings per share. Equities research analysts forecast that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. Microsoft’s payout ratio is currently 25.89%.

About Microsoft

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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