Tolleson Wealth Management Inc. Raises Holdings in Microsoft Co. (NASDAQ:MSFT)
Tolleson Wealth Management Inc. increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 11.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,442 shares of the software giant’s stock after buying an additional 645 shares during the period. Microsoft accounts for 0.5% of Tolleson Wealth Management Inc.’s portfolio, making the stock its 28th largest position. Tolleson Wealth Management Inc.’s holdings in Microsoft were worth $1,016,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in shares of Microsoft by 77.3% in the 4th quarter. Benjamin Edwards Inc. now owns 195 shares of the software giant’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Microsoft during the 4th quarter valued at about $37,000. Vaughan AND Company Securities Inc. bought a new position in shares of Microsoft during the 4th quarter valued at about $67,000. John W. Brooker & Co. CPAs bought a new position in shares of Microsoft during the 4th quarter valued at about $74,000. Finally, Ogorek Anthony Joseph NY ADV increased its position in shares of Microsoft by 69.1% during the 4th quarter. Ogorek Anthony Joseph NY ADV now owns 531 shares of the software giant’s stock valued at $83,000 after purchasing an additional 217 shares during the last quarter. 72.34% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the company. BidaskClub upgraded Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Cfra increased their price objective on Microsoft from $186.00 to $197.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Cowen reiterated an “outperform” rating and set a $200.00 price objective (up from $180.00) on shares of Microsoft in a research report on Thursday, January 30th. Deutsche Bank reduced their price objective on Microsoft from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, Evercore ISI reiterated a “buy” rating and set a $170.00 price objective on shares of Microsoft in a research report on Monday, December 16th. Two analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and an average target price of $185.42.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.19. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The business had revenue of $36.91 billion during the quarter, compared to analysts’ expectations of $35.68 billion. During the same quarter last year, the business posted $1.10 EPS. The business’s revenue was up 13.7% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 5.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, May 20th. Microsoft’s dividend payout ratio (DPR) is currently 42.95%.
In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total value of $3,231,900.00. Following the completion of the sale, the executive vice president now owns 582,510 shares in the company, valued at approximately $104,589,670.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.39% of the company’s stock.
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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