Telos Capital Management Inc. lessened its position in Microsoft Co. (NASDAQ:MSFT) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,045 shares of the software giant’s stock after selling 4,930 shares during the period. Microsoft makes up 1.0% of Telos Capital Management Inc.’s portfolio, making the stock its 27th biggest position. Telos Capital Management Inc.’s holdings in Microsoft were worth $5,301,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MSFT. Advisor Group Holdings Inc. acquired a new stake in shares of Microsoft in the 1st quarter worth about $328,820,000. Swiss National Bank grew its position in Microsoft by 22.9% in the 1st quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock valued at $4,479,739,000 after buying an additional 5,287,700 shares in the last quarter. Viking Global Investors LP grew its position in Microsoft by 257.7% in the 1st quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock valued at $772,832,000 after buying an additional 3,530,518 shares in the last quarter. Capital International Investors grew its position in Microsoft by 3.5% in the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after buying an additional 3,527,148 shares in the last quarter. Finally, Melvin Capital Management LP bought a new position in Microsoft in the 1st quarter valued at about $426,805,000. 70.59% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ MSFT opened at $205.01 on Friday. The company has a 50 day simple moving average of $202.18 and a 200-day simple moving average of $178.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.52 and a quick ratio of 2.49. The firm has a market capitalization of $1,546.26 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 52-week low of $130.78 and a 52-week high of $216.38.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. The business had revenue of $38.03 billion during the quarter, compared to analyst estimates of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, analysts predict that Microsoft Co. will post 6.39 EPS for the current 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 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 19th. Microsoft’s dividend payout ratio (DPR) is 35.42%.
MSFT has been the subject of a number of recent analyst reports. Griffin Securities increased their target price on shares of Microsoft from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Mizuho reiterated a “buy” rating and issued a $205.00 target price on shares of Microsoft in a research report on Wednesday, May 20th. Macquarie reiterated a “buy” rating and issued a $200.00 target price on shares of Microsoft in a research report on Thursday, April 30th. DZ Bank reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, July 23rd. Finally, Citigroup increased their target price on shares of Microsoft from $179.00 to $216.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and an average target price of $213.23.
Microsoft Company Profile
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.
Further Reading: Green Investing
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