Hubbell Strickland Wealth Management LLC Trims Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Hubbell Strickland Wealth Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,350 shares of the software giant’s stock after selling 1,453 shares during the quarter. Microsoft makes up about 2.1% of Hubbell Strickland Wealth Management LLC’s portfolio, making the stock its 8th largest position. Hubbell Strickland Wealth Management LLC’s holdings in Microsoft were worth $3,499,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MSFT. State Street Corp boosted its stake in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC boosted its stake in Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after acquiring an additional 3,027,306 shares in the last quarter. Norges Bank bought a new position in Microsoft during the fourth quarter worth $24,401,940,000. Nuveen Asset Management LLC boosted its stake in Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Microsoft by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock worth $13,149,038,000 after acquiring an additional 652,526 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Wolfe Research dropped their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Wedbush dropped their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, KeyCorp dropped their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.72.

Microsoft Stock Performance

NASDAQ MSFT opened at $282.91 on Friday. The company has a market capitalization of $2.11 trillion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a 50-day simple moving average of $262.96 and a 200 day simple moving average of $280.24. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted 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 quarter in the previous year, the company posted $2.17 earnings per share. On average, research analysts predict that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. 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 payout ratio is 25.73%.

Microsoft Profile

(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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