Winslow Evans & Crocker Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,831 shares of the software giant’s stock after purchasing an additional 2,997 shares during the period. Microsoft makes up about 5.3% of Winslow Evans & Crocker Inc.’s holdings, making the stock its 2nd biggest position. Winslow Evans & Crocker Inc.’s holdings in Microsoft were worth $19,707,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Selective Wealth Management Inc. grew its stake in Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares during the period. Avondale Wealth Management grew its stake in Microsoft by 25.4% in the first quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock valued at $73,000 after acquiring an additional 94 shares during the period. Cypress Capital Management LLC WY grew its stake in Microsoft by 14.3% in the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock valued at $120,000 after acquiring an additional 95 shares during the period. Lake Point Wealth Management grew its stake in Microsoft by 32.8% in the first quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock valued at $123,000 after acquiring an additional 192 shares during the period. Finally, New England Guild Wealth Advisors Inc. acquired a new stake in Microsoft in the second quarter valued at approximately $201,000. 70.59% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on MSFT shares. JPMorgan Chase & Co. raised their price objective on Microsoft from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Wedbush lifted their target price on Microsoft from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Jefferies Financial Group lifted their target price on Microsoft from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Sunday, July 19th. Piper Sandler lifted their target price on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Fundamental Research lifted their target price on Microsoft from $212.58 to $220.41 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $213.23.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. Sell-side analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s dividend payout ratio (DPR) is presently 35.42%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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