Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC lifted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 38,302 shares of the software giant’s stock after purchasing an additional 1,442 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Microsoft were worth $11,809,000 at the end of the most recent reporting period.

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

Microsoft Stock Up 1.6 %

Shares of NASDAQ MSFT opened at $280.74 on Monday. The company has a market capitalization 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. 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 business has a 50-day moving average of $261.36 and a two-hundred day moving average of $281.11. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67.

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

Microsoft Dividend Announcement

The company also recently announced 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of Microsoft in a research note on Wednesday, April 27th. Cowen lowered their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Royal Bank of Canada set a $380.00 price target on Microsoft in a research report on Thursday, May 19th. Stifel Nicolaus lowered their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, BMO Capital Markets raised their price target on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Company Profile

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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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