Microsoft Co. (NASDAQ:MSFT) is Princeton Global Asset Management LLC’s Largest Position

Princeton Global Asset Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,746 shares of the software giant’s stock after selling 592 shares during the period. Microsoft accounts for 5.9% of Princeton Global Asset Management LLC’s holdings, making the stock its biggest position. Princeton Global Asset Management LLC’s holdings in Microsoft were worth $21,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macroview Investment Management LLC acquired a new stake in shares of Microsoft in the fourth quarter worth $62,000. TFO TDC LLC increased its stake in shares of Microsoft by 6,566.7% in the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock worth $68,000 after acquiring an additional 197 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Microsoft in the third quarter worth $71,000. Syverson Strege & Co acquired a new stake in shares of Microsoft in the third quarter worth $72,000. Finally, Schubert & Co acquired a new stake in shares of Microsoft in the fourth quarter worth $125,000. 69.41% of the stock is owned by institutional investors and hedge funds.

In other news, Director Emma N. Walmsley bought 1,700 shares of Microsoft stock in a transaction on Friday, January 28th. The shares were bought at an average cost of $295.48 per share, with a total value of $502,316.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Emma N. Walmsley bought 1,600 shares of Microsoft stock in a transaction on Monday, January 31st. The shares were purchased at an average cost of $311.53 per share, for a total transaction of $498,448.00. The disclosure for this purchase can be found here. 0.05% of the stock is owned by insiders.

A number of analysts have recently weighed in on MSFT shares. The Goldman Sachs Group set a $400.00 price objective on shares of Microsoft in a research note on Monday, January 24th. StockNews.com began coverage on shares of Microsoft in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley raised their price target on shares of Microsoft from $364.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, January 26th. Oppenheimer raised their price target on shares of Microsoft from $330.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, January 26th. Finally, Mizuho dropped their price target on shares of Microsoft from $360.00 to $350.00 in a research report on Tuesday, January 18th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $359.37.

NASDAQ:MSFT opened at $274.03 on Friday. The company’s 50-day moving average price is $293.65 and its 200-day moving average price is $310.54. The company has a current ratio of 2.25, a quick ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.05 trillion, a P/E ratio of 29.18, a P/E/G ratio of 2.41 and a beta of 0.91. Microsoft Co. has a twelve month low of $238.07 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, January 25th. The software giant reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.19. Microsoft had a net margin of 38.50% and a return on equity of 45.73%. The company had revenue of $51.73 billion for the quarter, compared to the consensus estimate of $50.80 billion. During the same period in the previous year, the firm earned $2.03 earnings per share. Microsoft’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts expect that Microsoft Co. will post 9.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 9th. Shareholders of record on Thursday, May 19th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, May 18th. Microsoft’s dividend payout ratio (DPR) is presently 26.41%.

Microsoft Company 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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