Microsoft Co. (NASDAQ:MSFT) is HM Capital Management LLC’s 5th Largest Position

HM Capital Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,790 shares of the software giant’s stock after buying an additional 2,265 shares during the quarter. Microsoft comprises 3.5% of HM Capital Management LLC’s holdings, making the stock its 5th largest position. HM Capital Management LLC’s holdings in Microsoft were worth $9,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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. Geode Capital Management LLC raised its stake in shares of Microsoft by 2.4% in 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 purchasing an additional 3,027,306 shares during the last quarter. Norges Bank purchased a new position in shares of Microsoft in the fourth quarter worth about $24,401,940,000. Nuveen Asset Management LLC raised its stake in shares of Microsoft by 1.0% in 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 purchasing an additional 584,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Microsoft by 1.7% in 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 purchasing an additional 652,526 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Guggenheim initiated coverage on Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 price target for the company. Itau BBA Securities initiated coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Rosenblatt Securities reduced their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Mizuho reduced their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, Redburn Partners initiated coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target for the company. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $258.09 on Thursday. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The business has a 50-day moving average of $269.95 and a 200-day moving average of $275.90. 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 company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 26.77, a PEG ratio of 2.16 and a beta of 0.94.

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 company posted $2.17 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.

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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