TCI Wealth Advisors Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,742 shares of the software giant’s stock after selling 1,287 shares during the period. Microsoft makes up approximately 1.5% of TCI Wealth Advisors Inc.’s portfolio, making the stock its 11th largest position. TCI Wealth Advisors Inc.’s holdings in Microsoft were worth $10,095,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Shore Point Advisors LLC purchased a new stake in shares of Microsoft during the 4th quarter worth $40,000. Tobam raised its stake in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in Microsoft during the 1st quarter worth $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in Microsoft during the 4th quarter worth $80,000. Finally, Evolution Advisers Inc. acquired a new position in Microsoft in the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on MSFT shares. Mizuho dropped their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. The Goldman Sachs Group set a $365.00 price objective on shares of Microsoft in a report on Wednesday, April 27th. Piper Sandler reduced their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Jefferies Financial Group reduced their price target on shares of Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Finally, Redburn Partners initiated coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective on the stock. One analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $335.72.
Microsoft Stock Down 0.3 %
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the company posted $2.17 EPS. Equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is 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, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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