Microsoft Co. (NASDAQ:MSFT) Holdings Reduced by Carderock Capital Management Inc.

Carderock Capital Management Inc. decreased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 23.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 36,104 shares of the software giant’s stock after selling 11,052 shares during the quarter. Microsoft makes up about 3.6% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position. Carderock Capital Management Inc.’s holdings in Microsoft were worth $11,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ACT Wealth Management LLC increased its position in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after acquiring an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC increased its position in Microsoft by 0.7% in the 4th 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. KB Financial Partners LLC increased its position in Microsoft by 0.5% in the 4th 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. Valtinson Bruner Financial Planning LLC increased its position in Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after acquiring an additional 37 shares during the period. Finally, Strategic Asset Management LLC increased its position in Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

Microsoft Trading Up 2.8 %

Shares of Microsoft stock opened at $282.47 on Thursday. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm has a market cap of $2.11 trillion, a PE ratio of 29.30, a P/E/G ratio of 2.34 and a beta of 0.93. The business’s fifty day moving average is $262.41 and its two-hundred day moving average is $280.40. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last issued its 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 in the previous year, the business earned $2.17 earnings per share. Analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSFT. Piper Sandler dropped their price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Stifel Nicolaus dropped their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Fundamental Research reiterated a “hold” rating and set a $280.50 target price on shares of Microsoft in a research report on Wednesday. BMO Capital Markets boosted their target price on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley dropped their target price on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. One analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $333.88.

Microsoft 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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