Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Microsoft Co.NASDAQ: MSFT – Get a rating) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,340,944 shares of the software giant’s stock after selling 1,025,324 shares during the quarter. Microsoft accounts for about 4.6% of Sumitomo Mitsui Trust Holdings Inc., making the stock its 2nd largest holding. As of the end of the last quarter, the share of Sumitomo Mitsui Trust Holdings Inc. at Microsoft were worth $6,887,936,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Joseph Group Capital Management acquired a new stake in Microsoft in the 4th quarter worth about $1,535,000. Shore Point Advisors LLC acquired a new stake in Microsoft in the 4th quarter worth about $40,000. Tobam raised its stake in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the period. Artemis Wealth Advisors LLC purchased a new position in Microsoft in the first quarter valued at about $68,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft in the 4th quarter valued at about $84,000. 69.99% of shares are owned by hedge funds and other institutional investors.
Microsoft Trading rose 1.6%
Actions MSFT opened at $280.74 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99, and a quick ratio of 1.95. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The company has a 50-day simple moving average of $261.36 and a 200-day simple moving average of $281.34. The firm has a market cap of $2.10 trillion, a P/E ratio of 29.30, a price-to-earnings ratio of 2.01 and a beta of 0.93.
Microsoft (NASDAQ: MSFT – Get a rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft’s net margin was 37.63%, and its return on equity was 44.85%. During the same quarter in the previous year, the business earned $2.17 per share. On average, stock analysts expect Microsoft Co. will post 9.27 EPS in the current fiscal year.
Microsoft announces dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. That’s $2.48 in annualized dividends and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.
Upgrading and downgrading of the analyst rating
Several equities analysts have issued reports on MSFT shares. KeyCorp cut their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Barclays cut their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. Jefferies Financial Group cut their price target on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Wells Fargo & Company cut their price target on shares of Microsoft from $400.00 to $350.00 and set an “outperform” rating on the stock in a report on Monday, July 25th. Finally, Cowen reiterated a “hold” rating on shares of Microsoft in a research note on Wednesday. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Microsoft currently has an average rating of “Moderate Buy” and an average target price of $334.80, based on MarketBeat data.
Microsoft company profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as associated Client Access Licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a suite of cloud and on-premise business solutions for organizations and enterprise units.
Get news and ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Microsoft and related companies. MarketBeat.com’s FREE Daily E-Newsletter.
https://www.defenseworld.net/2022/07/30/microsoft-co-nasdaqmsft-holdings-decreased-by-sumitomo-mitsui-trust-holdings-inc.html Microsoft Co. (NASDAQ: MSFT ) Holdings was reduced by Sumitomo Mitsui Trust Holdings Inc.