Microsoft Co. (NASDAQ:MSFT) Stock Holdings Increased by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC boosted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,386 shares of the software giant’s stock after buying an additional 2,933 shares during the period. Microsoft makes up approximately 4.9% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its biggest position. Fulton Breakefield Broenniman LLC’s holdings in Microsoft were worth $55,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in Microsoft in the 4th quarter valued at about $1,535,000. Shore Point Advisors LLC purchased a new stake in Microsoft during the fourth quarter worth about $40,000. Tobam increased its stake 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 purchasing an additional 154 shares during the period. Artemis Wealth Advisors LLC purchased a new stake in Microsoft during the first quarter worth about $68,000. Finally, Evolution Advisers Inc. purchased a new stake in Microsoft during the fourth quarter worth about $84,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group set a $330.00 price target on shares of Microsoft in a research note on Monday, June 20th. Cowen reiterated a “maintains” rating on shares of Microsoft in a research note on Wednesday, July 27th. Wolfe Research cut their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday. Mizuho cut their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Finally, Jefferies Financial Group cut their target price on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. One equities research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $278.01 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The stock has a fifty day moving average price of $261.71 and a 200 day moving average price of $280.85. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The company has a market cap of $2.08 trillion, a PE ratio of 28.84, a P/E/G ratio of 2.36 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results 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 43.31% and a net margin of 36.69%. During the same period last year, the company earned $2.17 EPS. Sell-side analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared 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. This represents a $2.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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