Fintel reports that on April 20, 2023, Keybanc maintained coverage of Microsoft (NASDAQ:MSFT) with a Overweight recommendation.
Analyst Price Forecast Suggests 2.75% Upside
As of April 6, 2023, the average one-year price target for Microsoft is $296.39. The forecasts range from a low of $214.12 to a high of $365.40. The average price target represents an increase of 2.75% from its latest reported closing price of $288.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Microsoft is $216,709MM, an increase of 6.18%. The projected annual non-GAAP EPS is $9.74.
Microsoft Declares $0.68 Dividend
On March 14, 2023 the company declared a regular quarterly dividend of $0.68 per share ($2.72 annualized). Shareholders of record as of May 18, 2023 will receive the payment on June 8, 2023. Previously, the company paid $0.68 per share.
At the current share price of $288.45 / share, the stock’s dividend yield is 0.94%. Looking back five years and taking a sample every week, the average dividend yield has been 1.18%, the lowest has been 0.72%, and the highest has been 1.95%. The standard deviation of yields is 0.32 (n=236).
The current dividend yield is 0.75 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.30. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Hardman Johnston Global Advisors holds 283K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 287K shares, representing a decrease of 1.74%. The firm decreased its portfolio allocation in MSFT by 99.91% over the last quarter.
FDMO – Fidelity Momentum Factor ETF holds 31K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 25K shares, representing an increase of 17.80%. The firm increased its portfolio allocation in MSFT by 14.56% over the last quarter.
Aspire Private Capital holds 7K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 7K shares, representing an increase of 0.61%. The firm decreased its portfolio allocation in MSFT by 90.22% over the last quarter.
Corrado Advisors holds 4K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 2K shares, representing an increase of 46.44%. The firm decreased its portfolio allocation in MSFT by 99.83% over the last quarter.
Linker Capital Management holds 1K shares representing 0.00% ownership of the company. No change in the last quarter.
What is the Fund Sentiment?
There are 6952 funds or institutions reporting positions in Microsoft. This is an increase of 154 owner(s) or 2.27% in the last quarter. Average portfolio weight of all funds dedicated to MSFT is 2.56%, a decrease of 23.48%. Total shares owned by institutions increased in the last three months by 0.50% to 6,029,005K shares. The put/call ratio of MSFT is 0.91, indicating a bullish outlook.
Microsoft Background Information
(This description is provided by the company.)
Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
See all Microsoft regulatory filings.
This story originally appeared on Fintel.
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