Microsoft Co. (NASDAQ:MSFT) is Belpointe Asset Management LLC’s 7th Largest Position

Belpointe Asset Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 80,740 shares of the software giant’s stock after purchasing an additional 5,468 shares during the period. Microsoft makes up approximately 1.5% of Belpointe Asset Management LLC’s holdings, making the stock its 7th largest position. Belpointe Asset Management LLC’s holdings in Microsoft were worth $24,892,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Shore Point Advisors LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $40,000. Tobam raised its holdings in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new position in Microsoft in the 1st quarter worth approximately $68,000. Castle Financial & Retirement Planning Associates Inc. purchased a new position in Microsoft in the 4th quarter worth approximately $80,000. Finally, Evolution Advisers Inc. purchased a new position in Microsoft in the 4th quarter worth approximately $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 equities analysts recently weighed in on MSFT shares. KeyCorp decreased their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Wells Fargo & Company decreased their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a research report on Tuesday, July 26th. Finally, The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a research report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $335.72.

Microsoft Stock Up 0.4 %

MSFT opened at $283.65 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm’s fifty day moving average is $262.77 and its 200 day moving average is $280.22. The stock has a market cap of $2.12 trillion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 2.31 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the firm posted $2.17 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.87%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is currently 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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