Asset Allocation & Management Company LLC increases stake in Microsoft Co. (NASDAQ:MSFT)
Asset Allocation & Management Company LLC increased its stake in Microsoft Co. (NASDAQ: MSFT – Get a rating) by 200.0% during the 1st quarter, HoldingsChannel.com reports. The fund held 4,500 shares of the software giant after buying an additional 3,000 shares during the period. Asset Allocation & Management Company LLC’s holdings in Microsoft were worth $1,387,000 when it last filed with the SEC.
A number of other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Shore Point Advisors LLC bought a new stake in Microsoft in Q4 worth about $40,000. Macroview Investment Management LLC bought a new position in Microsoft stock in the fourth quarter worth about $62,000. TFO TDC LLC raised its position in Microsoft shares by 6,566.7% in the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant valued at $68,000 after purchasing an additional 197 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Microsoft during Q3, valued at around $71,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft in Q4 worth around $80,000. Hedge funds and other institutional investors hold 69.99% of the company’s shares.
Shares of MSFT action opened at $267.70 on Monday. The company has a 50-day moving average of $266.83 and a 200-day moving average of $293.02. The company has a debt ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The stock has a market capitalization of $2.00 trillion, a PE ratio of 27.94, a P/E/G ratio of 2.42 and a beta of 0.94.
Microsoft (NASDAQ: MSFT – Get a rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported earnings per share 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 in the quarter, versus a consensus estimate of $49.05 billion. In the same quarter a year earlier, the company posted earnings per share of $1.95. The company’s revenue increased 18.4% year over year. Analysts expect Microsoft Co. to post EPS of 9.28 for the current year.
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 0.93%. The ex-dividend date is Wednesday, August 17. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.
Several equity research analysts have published reports on MSFT shares. Barclays lowered its price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a Friday, June 10 research report. Fundamental Research reduced its target price on Microsoft from $299.93 to $298.00 and set a “holding” rating for the company in a Tuesday, May 3 research note. William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 research report. Wells Fargo & Company cut its price target on Microsoft stock from $425.00 to $400.00 and set an “overweight” rating for the company in a Tuesday, April 19 research report. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Microsoft shares from $390.00 to $350.00 and set a “buy” rating on the stock in a Wednesday, April 27 report. One analyst rated the stock with a hold rating and twenty-nine gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $353.36.
Microsoft Profile (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.
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