TFC Financial Management increased its stake in Microsoft Co. (NASDAQ: MSFT – Get a rating) by 0.4% in Q1, according to the company in its latest filing with the Securities and Exchange Commission. The institutional investor held 12,806 shares of the software giant after acquiring an additional 56 shares during the period. Microsoft represents 1.1% of TFC Financial Management’s portfolio, making the stock its 10th largest position. TFC Financial Management’s holdings in Microsoft were worth $3,948,000 when it last filed with the Securities and Exchange Commission.
Several other large investors have also recently changed their positions in MSFT. Shore Point Advisors LLC bought a new Microsoft stock position in Q4 worth $40,000. Tobam increased its stake in Microsoft by 15,400.0% in Q1. Tobam now owns 155 shares of the software giant worth $48,000 after buying an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC bought a new position in Microsoft during Q1 worth $68,000. Castle Financial & Retirement Planning Associates Inc. purchased a new position at Microsoft in Q4 valued at $80,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft during the 4th quarter at a value of $84,000. 69.99% of the shares are held by institutional investors.
Analysts set new price targets
Several research analysts have recently weighed in on MSFT shares. Wedbush lowered its target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a Wednesday, July 27 research note. Royal Bank of Canada set a price target of $380.00 on Microsoft in a research note on Thursday, May 19. Wells Fargo & Company lowered its price target on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a Monday, July 25 research note. Piper Sandler lowered her price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a Friday, July 8 research note. Finally, Rosenblatt Securities lowered its price target on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a Tuesday, July 26 research note. Two investment analysts gave the stock a hold rating and thirty-one gave the company’s stock a buy rating. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Price Performance
Shares of Microsoft share opened at $286.15 on Friday. The company has a 50-day simple moving average of $266.82 and a two-hundred-day simple moving average of $279.42. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 29.68, a PEG ratio of 2.45 and a beta of 0.93. The company has a debt ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.
Microsoft (NASDAQ: MSFT – Get a rating) last announced its results on Tuesday, July 26. The software giant reported EPS of $2.23 for the quarter, missing analyst consensus estimates of $2.29 per ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the company posted EPS of $2.17. As a group, analysts predict that Microsoft Co. will post EPS of 10.14 for the current fiscal year.
Microsoft dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.87%. Microsoft’s payout ratio is currently 25.73%.
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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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