Microsoft Co. (NASDAQ:MSFT) shares purchased by Curbstone Financial Management Corp


Curbstone Financial Management Corp increased its holdings of shares of Microsoft Co. (NASDAQ: MSFTGet a rating) by 3.0% during the first quarter, Holdings Channel.com reports. The institutional investor held 30,914 shares of the software giant after purchasing an additional 890 shares during the period. Microsoft accounts for 1.8% of Curbstone Financial Management Corp’s investment portfolio, making the stock its 12th largest holding. Curbstone Financial Management Corp’s holdings in Microsoft were worth $9,531,000 at the end of the last quarter.

A number of other institutional investors have also increased or reduced their stake in the company. State Street Corp increased its stake in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant worth $101,750,881,000 after buying an additional 8,108,943 shares last quarter. Geode Capital Management LLC increased its position in Microsoft shares by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant valued at $43,313,705,000 after buying an additional 3,027,306 shares in the last quarter. Norges Bank bought a new stake in shares of Microsoft in Q4, valued at around $24,401,940,000. Nuveen Asset Management LLC increased its position in Microsoft shares by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant valued at $19,231,292,000 after buying an additional 584,273 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Microsoft shares by 7.5% in the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant valued at $13,107,412,000 after buying 3,258,613 additional shares in the last quarter. Institutional investors hold 69.99% of the company’s shares.

Shares of NASDAQ MSFT opened at $268.40 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.99 and a leverage ratio of 0.30. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a 50-day moving average price of $263.32 and a 200-day moving average price of $288.60. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 28.02, a growth price-to-earnings ratio of 2.15 and a beta of 0.93.

Microsoft (NASDAQ: MSFTGet a rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating the consensus estimate of $2.18 by $0.04. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company posted revenue of $49.36 billion in the quarter, compared to $49.05 billion expected by analysts. In the same quarter last year, the company made earnings per share of $1.95. The company’s revenue for the quarter increased by 18.4% compared to the same quarter last year. Equity research analysts expect Microsoft Co. to post EPS of 9.28 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17. This represents an annualized dividend of $2.48 and a yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

A number of equity research analysts have commented on MSFT shares. Wells Fargo & Company lowered its price target on Microsoft stock from $425.00 to $400.00 and set an “overweight” rating on the stock in a Tuesday, April 19 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Microsoft shares from $390.00 to $350.00 and set a “buy” rating on the stock in a Wednesday, April 27 research report. Stifel Nicolaus lowered his price target on Microsoft shares from $350.00 to $320.00 in a Thursday, June 2 research report. KeyCorp lowered its target price on Microsoft stock from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Credit Suisse Group set a target price of $400.00 on Microsoft shares in a Friday, June 3 research report. An investment analyst rated the stock with a hold rating and thirty gave the company a buy rating. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $352.72.

Microsoft Company Profile (Get a 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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

See also

Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ: MSFTGet a rating).

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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