MorganRosel Wealth Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 15.2% in the fourth quarter, HoldingsChannel reports. The firm owned 5,612 shares of the software giant’s stock after selling 1,006 shares during the period. Microsoft makes up 0.7% of MorganRosel Wealth Management LLC’s portfolio, making the stock its 24th biggest position. MorganRosel Wealth Management LLC’s holdings in Microsoft were worth $885,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MSFT. Krane Funds Advisors LLC bought a new position in Microsoft during the second quarter worth about $26,000. Selective Wealth Management Inc. bought a new stake in Microsoft during the third quarter valued at $36,000. Atwater Malick LLC bought a new stake in Microsoft during the third quarter valued at $37,000. AlphaOne Investment Services LLC bought a new stake in Microsoft during the second quarter valued at $51,000. Finally, University of Texas Texas AM Investment Managment Co. boosted its position in Microsoft by 48.9% during the second quarter. University of Texas Texas AM Investment Managment Co. now owns 521 shares of the software giant’s stock valued at $70,000 after acquiring an additional 171 shares during the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. Evercore ISI reaffirmed a “buy” rating and set a $170.00 price target on shares of Microsoft in a research report on Monday, December 16th. Morgan Stanley increased their price objective on shares of Microsoft from $157.00 to $189.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Mizuho restated a “buy” rating and issued a $160.00 target price on shares of Microsoft in a report on Wednesday, November 20th. Wells Fargo & Co restated a “buy” rating on shares of Microsoft in a report on Monday, December 9th. Finally, BidaskClub upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft has an average rating of “Buy” and an average price target of $165.28.
Shares of MSFT stock opened at $162.86 on Tuesday. The company has a 50 day moving average of $155.62 and a 200-day moving average of $143.30. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. Microsoft Co. has a 12-month low of $100.98 and a 12-month high of $160.73. The firm has a market cap of $1,246.78 billion, a P/E ratio of 34.29, a PEG ratio of 2.53 and a beta of 1.23.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company had revenue of $33.06 billion during the quarter, compared to analyst estimates of $32.24 billion. During the same quarter last year, the business posted $1.14 EPS. Microsoft’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 5.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.25%. Microsoft’s payout ratio is currently 42.95%.
Microsoft declared that its board has approved a stock buyback program on Wednesday, September 18th that allows the company to repurchase $40.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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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