Schnieders Capital Management LLC Has $29.92 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Schnieders Capital Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,050 shares of the software giant’s stock after acquiring an additional 1,808 shares during the period. Microsoft makes up approximately 7.1% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Schnieders Capital Management LLC’s holdings in Microsoft were worth $29,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter worth approximately $40,000. Tobam boosted its holdings in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft during the first quarter worth approximately $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $80,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft during the fourth quarter worth approximately $84,000. 69.99% of the stock is currently owned by institutional investors.

Microsoft Price Performance

NASDAQ MSFT opened at $280.74 on Monday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The stock has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. The stock has a 50-day simple moving average of $261.36 and a 200 day simple moving average of $281.11.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate 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. Research analysts anticipate that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given 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 dividend yield of 0.88%. Microsoft’s dividend payout ratio is presently 25.89%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MSFT shares. Barclays reduced their target price on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, June 10th. Itaú Unibanco initiated coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Morgan Stanley reduced their price target on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Finally, BMO Capital Markets upped 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. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $334.80.

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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