Rand Wealth LLC Decreases Position in Microsoft Co. (MSFT)

Rand Wealth LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,203 shares of the software giant’s stock after selling 1,362 shares during the quarter. Rand Wealth LLC’s holdings in Microsoft were worth $7,545,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Microsoft during the fourth quarter valued at approximately $103,000. Cerebellum GP LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $134,000. Family Capital Trust Co purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $188,000. NewSquare Capital LLC increased its position in shares of Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after buying an additional 98,752 shares in the last quarter. Finally, New England Investment & Retirement Group Inc. purchased a new stake in shares of Microsoft in the third quarter valued at approximately $201,000. Institutional investors own 72.44% of the company’s stock.

A number of analysts have recently commented on MSFT shares. Citigroup boosted their price objective on Microsoft to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday, March 12th. Morgan Stanley boosted their price objective on Microsoft from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, March 26th. Vetr upgraded Microsoft from a “buy” rating to a “strong-buy” rating and set a $101.39 price objective for the company in a research report on Friday, March 23rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $105.00 price objective on shares of Microsoft in a research report on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $103.13.

NASDAQ MSFT opened at $98.36 on Friday. The firm has a market cap of $759.66 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 2.17 and a beta of 1.04. The company has a current ratio of 3.40, a quick ratio of 3.35 and a debt-to-equity ratio of 1.00. Microsoft Co. has a fifty-two week low of $68.02 and a fifty-two week high of $98.98.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. The company had revenue of $26.82 billion for the quarter, compared to analyst estimates of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. equities analysts anticipate that Microsoft Co. will post 3.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is currently 50.76%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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