Microsoft Co. (NASDAQ:MSFT) is the largest position of Asset Planning Services Inc. LA ADV
Asset Planning Services Inc. LA ADV reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.1% during the first quarter, HoldingsChannel reports. The company held 55,492 shares of the software giant after selling 50 shares during the period. Microsoft accounts for approximately 9.8% of Asset Planning Services Inc. LA ADV’s holdings, making it its largest holding. Asset Planning Services Inc. LA ADV’s holdings in Microsoft were worth $17,109,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also changed their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Microsoft shares by 5.7% in Q1. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant valued at $42,237,000 after buying an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its stake in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant valued at $3,743,000 after acquiring 1,357 additional shares last quarter. Dfpg Investments LLC increased its stake in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant valued at $7,585,000 after acquiring an additional 5,030 shares in the last quarter. Elk River Wealth Management LLC increased its stake in Microsoft by 4.8% in Q1. Elk River Wealth Management LLC now owns 55,203 shares of the software giant worth $17,020,000 after acquiring 2,544 additional shares last quarter. Finally, Steward Financial Group LLC purchased a new stake in Microsoft stock in Q4 worth approximately $330,000. 69.99% of the shares are currently held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
Several brokerages have recently commented on MSFT. BMO Capital Markets cut its price target on Microsoft shares from $345.00 to $305.00 in a Friday, July 15 research report. Citigroup slashed its target price on Microsoft from $364.00 to $330.00 and set a “buy” rating for the company in a research report Tuesday. Stifel Nicolaus lowered his price target on Microsoft shares from $350.00 to $320.00 in a Thursday, June 2 report. Fundamental Research lowered its price target on Microsoft stock from $299.93 to $298.00 and set a “holding” rating for the company in a Tuesday, May 3 research report. Finally, JPMorgan Chase & Co. set a target price of $320.00 on Microsoft stock in a Thursday, June 9 report. A research analyst has rated the stock with a hold rating and thirty have assigned the stock a buy rating. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $348.07.
Microsoft Price Performance
Microsoft shares opened at $264.84 on Friday. The stock has a market capitalization of $1.98 trillion, a price/earnings ratio of 27.65, a PEG ratio of 2.01 and a beta of 0.93. The company has a fifty-day simple moving average of $260.41 and a 200-day simple moving average of $283.35. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30.
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly results on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating the consensus estimate of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company posted revenue of $49.36 billion for the quarter, versus a consensus estimate of $49.05 billion. During the same period a year earlier, the company posted EPS of $1.95. The company’s revenue for the quarter increased 18.4% year over year. On average, sell-side analysts expect Microsoft Co. to post earnings per share of 9.27 for the current year.
Microsoft dividend announcement
The company also recently declared 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. This represents a dividend of $2.48 on an annualized basis and a yield of 0.94%. The ex-dividend date is Wednesday, August 17. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.
(Get a 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, 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.
Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ:MSFT – Get Rating).
Get news and reviews for Microsoft Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Microsoft and related companies with MarketBeat.com’s free daily email newsletter.