Oak Asset Management LLC holds $2.23 million worth of shares in Microsoft Co. (NASDAQ:MSFT)

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Oak Asset Management LLC lifted its position in Microsoft Co. (NASDAQ: MSFTGet a rating) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The company held 7,246 shares of the software giant after acquiring an additional 75 shares during the period. Oak Asset Management LLC’s holdings in Microsoft were worth $2,234,000 at the end of the last quarter.

Other hedge funds also changed their holdings in the company. ACT Wealth Management LLC increased its holdings of Microsoft shares by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant valued at $1,378,000 after buying 34 additional shares in the last quarter. GA LLC’s Wealth Enhancement & Preservation increased its position in Microsoft shares by 0.7% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant valued at $1,680,000 after acquiring 34 additional shares during the period. Conestoga Capital Advisors LLC increased its position in Microsoft shares by 0.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,869 shares of the software giant valued at $1,301,000 after acquiring 35 additional shares during the period. Hanlon Investment Management Inc. increased its position in Microsoft shares by 1.2% in the fourth quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant valued at $965,000 after acquiring 35 additional shares during the period. Finally, KB Financial Partners LLC increased its position in Microsoft shares by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant valued at $2,404,000 after acquiring 35 additional shares during the period. 69.99% of the shares are currently held by institutional investors and hedge funds.

A Wall Street analyst gives his opinion

A number of brokerages have recently released reports on MSFT. Mizuho cut his price target on Microsoft stock from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup cut its target price on Microsoft shares from $364.00 to $330.00 and set a “buy” rating for the company in a research report Tuesday. Stifel Nicolaus cut his price target on Microsoft shares from $350.00 to $320.00 in a Thursday, June 2 research report. Deutsche Bank Rese… set a price target of $350.00 on Microsoft shares in a research report on Monday. Finally, Credit Suisse Group set a price target of $400.00 on Microsoft shares in a Friday, June 3 research report. One equity research analyst gave the stock a hold rating and thirty gave the company a buy rating. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $348.07.

Microsoft stock performance

Microsoft share opened at $259.53 on Wednesday. The company has a 50-day moving average of $260.18 and a 200-day moving average of $284.38. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The company has a debt ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The company has a market capitalization of $1.94 trillion, a P/E ratio of 27.09, a P/E/G ratio of 2.12 and a beta of 0.93.

Microsoft (NASDAQ: MSFTGet a rating) last reported results on Tuesday, April 26. The software giant reported earnings per share of $2.22 for the quarter, beating consensus analyst estimates of $2.18 by $0.04. The company posted revenue of $49.36 billion in the quarter, versus a consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s revenue for the quarter increased by 18.4% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $1.95. On average, stock research analysts expect Microsoft Co. to post 9.27 earnings per share for the current year.

Microsoft announces dividend

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. This represents a dividend of $2.48 on an annualized basis and a yield of 0.96%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft 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

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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