Choate Investment Advisors Has $22.37 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)
Choate Investment Advisors reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,900 shares of the software giant’s stock after selling 1,125 shares during the quarter. Microsoft comprises 1.6% of Choate Investment Advisors’ holdings, making the stock its 9th biggest position. Choate Investment Advisors’ holdings in Microsoft were worth $22,366,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in MSFT. Advisor Group Holdings Inc. bought a new stake in Microsoft during the 1st quarter worth about $328,820,000. Swiss National Bank raised its holdings in Microsoft by 22.9% during the 1st quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock worth $4,479,739,000 after purchasing an additional 5,287,700 shares during the last quarter. Viking Global Investors LP raised its holdings in Microsoft by 257.7% during the 1st quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock worth $772,832,000 after purchasing an additional 3,530,518 shares during the last quarter. Capital International Investors raised its holdings in Microsoft by 3.5% during the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock worth $16,326,780,000 after purchasing an additional 3,527,148 shares during the last quarter. Finally, Melvin Capital Management LP bought a new stake in Microsoft during the 1st quarter worth about $426,805,000. 70.59% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on MSFT. Citigroup boosted their price objective on Microsoft from $179.00 to $216.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Co upped their price target on Microsoft from $205.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. They noted that the move was a valuation call. Raymond James upped their price target on Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a research note on Monday, July 20th. Piper Sandler upped their price target on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $230.00 price target (down from $240.00) on shares of Microsoft in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $213.23.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, beating the consensus estimate of $1.34 by $0.12. The company had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. As a group, analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s payout ratio is presently 35.42%.
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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