Microsoft Co. (NASDAQ:MSFT) is IHT Wealth Management LLC’s 10th Largest Position

IHT Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 7.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 71,535 shares of the software giant’s stock after purchasing an additional 4,671 shares during the quarter. Microsoft comprises approximately 1.3% of IHT Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. IHT Wealth Management LLC’s holdings in Microsoft were worth $15,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Resolute Partners Group purchased a new stake in Microsoft in the 4th quarter valued at about $26,000. Goodwin Investment Advisory purchased a new stake in Microsoft in the 4th quarter valued at about $28,000. NuWave Investment Management LLC boosted its position in Microsoft by 3,250.0% in the 4th quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after buying an additional 130 shares during the period. JustInvest LLC boosted its position in Microsoft by 6.1% in the 4th quarter. JustInvest LLC now owns 82,199 shares of the software giant’s stock valued at $30,000 after buying an additional 4,736 shares during the period. Finally, Kinloch Capital LLC purchased a new stake in Microsoft in the 4th quarter valued at about $37,000. 69.01% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on MSFT. Barclays boosted their price objective on shares of Microsoft from $250.00 to $269.00 and gave the company an “overweight” rating in a research report on Wednesday, January 27th. Cowen boosted their price target on shares of Microsoft from $245.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. UBS Group restated a “buy” rating and issued a $275.00 price target on shares of Microsoft in a report on Tuesday, February 9th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “strong-buy” rating and set a $252.00 price target for the company in a report on Friday, January 29th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price target for the company from $229.00 to $272.00 in a report on Monday, December 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $268.28.

In other Microsoft news, Director Emma N. Walmsley bought 4,300 shares of the business’s stock in a transaction dated Wednesday, March 10th. The shares were acquired at an average cost of $236.80 per share, with a total value of $1,018,240.00. Following the acquisition, the director now directly owns 5,026 shares of the company’s stock, valued at approximately $1,190,156.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jean Philippe Courtois sold 18,358 shares of Microsoft stock in a transaction on Thursday, January 28th. The shares were sold at an average price of $239.60, for a total transaction of $4,398,576.80. Following the completion of the transaction, the executive vice president now directly owns 593,915 shares in the company, valued at $142,302,034. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.

Shares of MSFT stock opened at $249.90 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.49. The firm has a market cap of $1.88 trillion, a PE ratio of 40.37, a price-to-earnings-growth ratio of 2.44 and a beta of 0.83. The company has a 50-day moving average of $235.85 and a two-hundred day moving average of $222.92. Microsoft Co. has a 1-year low of $162.30 and a 1-year high of $250.93.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.39. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The company had revenue of $43.08 billion for the quarter, compared to analysts’ expectations of $40.23 billion. During the same quarter last year, the company earned $1.51 earnings per share. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 6.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be issued a dividend of $0.56 per share. The ex-dividend date is Wednesday, May 19th. This represents a $2.24 dividend on an annualized basis and a yield of 0.90%. Microsoft’s payout ratio is currently 38.89%.

Microsoft Profile

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 small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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