Jackson Grant Investment Advisers Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,263 shares of the software giant’s stock after selling 199 shares during the quarter. Microsoft comprises about 2.5% of Jackson Grant Investment Advisers Inc.’s portfolio, making the stock its 8th largest position. Jackson Grant Investment Advisers Inc.’s holdings in Microsoft were worth $5,939,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Microsoft in the fourth quarter worth about $24,401,940,000. Allspring Global Investments Holdings LLC bought a new position in shares of Microsoft in the fourth quarter worth about $2,952,329,000. State Street Corp grew its holdings in shares of Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the last quarter. Castleview Partners LLC bought a new position in shares of Microsoft in the fourth quarter worth about $11,872,000. Finally, TD Asset Management Inc. grew its holdings in shares of Microsoft by 28.5% in the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock worth $4,868,814,000 after purchasing an additional 3,207,415 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Microsoft Stock Performance
MSFT opened at $282.47 on Thursday. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The firm has a market capitalization 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 firm has a 50 day moving average of $262.41 and a two-hundred day moving average of $280.40.
Microsoft Announces Dividend
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 issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MSFT. Wolfe Research cut their price target on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Rosenblatt Securities dropped their target price on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Wedbush dropped their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Finally, KeyCorp dropped their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $333.88.
Microsoft Company Profile
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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