Bristol John W & Co. Inc. NY Lowers Stock Position in Microsoft Co. (NASDAQ:MSFT)

Bristol John W & Co. Inc. NY reduced its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.0% in the first quarter, Holdings Channel reports. The fund owned 1,003,508 shares of the software giant’s stock after selling 20,619 shares during the quarter. Microsoft accounts for about 6.1% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its largest position. Bristol John W & Co. Inc. NY’s holdings in Microsoft were worth $309,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MSFT. Wealth Enhancement Advisory Services LLC raised its stake in shares of Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after buying an additional 7,210 shares during the period. Arbor Investment Advisors LLC increased its holdings in Microsoft by 12.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after acquiring an additional 1,357 shares during the last quarter. KRS Capital Management LLC raised its stake in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares during the period. Dfpg Investments LLC lifted its holdings in Microsoft by 22.9% during the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after purchasing an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock worth $45,441,000 after purchasing an additional 43,189 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Microsoft Trading Down 1.7 %

MSFT opened at $256.06 on Tuesday. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. 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 business has a 50 day simple moving average of $270.44 and a two-hundred day simple moving average of $277.26. The firm has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.16 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS 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 period in the prior year, the company posted $2.17 EPS. Analysts predict 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 paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Redburn Partners initiated coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price on the stock. Piper Sandler reduced their price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. BMO Capital Markets increased their price objective on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Finally, Jefferies Financial Group reduced their target price on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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