Alpha Omega Wealth Management LLC Has $20.86 Million Stake in Microsoft Co. (NASDAQ:MSFT)

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Alpha Omega Wealth Management LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,653 shares of the software giant’s stock after selling 587 shares during the quarter. Microsoft comprises about 3.3% of Alpha Omega Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Alpha Omega Wealth Management LLC’s holdings in Microsoft were worth $20,858,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. ACT Wealth Management LLC increased its position in Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after purchasing an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC boosted its holdings in shares of Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after buying an additional 34 shares in the last quarter. KB Financial Partners LLC boosted its holdings in shares of Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after buying an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC boosted its holdings in shares of Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after buying an additional 37 shares in the last quarter. Finally, Strategic Asset Management LLC boosted its holdings in shares of Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after buying an additional 37 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Fundamental Research restated a “hold” rating and issued a $280.50 price target on shares of Microsoft in a report on Wednesday. UBS Group set a $330.00 price target on shares of Microsoft in a report on Monday, June 20th. Royal Bank of Canada set a $380.00 price target on shares of Microsoft in a report on Thursday, May 19th. Stifel Nicolaus lowered their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. set a $320.00 target price on shares of Microsoft in a research note on Thursday, June 9th. One investment analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $335.72.

Microsoft Price Performance

NASDAQ:MSFT opened at $282.91 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The firm has a market cap of $2.11 trillion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. The company has a 50 day moving average price of $262.96 and a 200-day moving average price of $280.24. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the business earned $2.17 EPS. Equities research analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

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 issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is presently 25.73%.

Microsoft Profile

(Get 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, 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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