On April 26, 2023, JP Morgan maintained coverage of Microsoft (NASDAQ:MSFT) with an Overweight recommendation. The average one-year price target for Microsoft is 306.86, with a range from 214.12 to $420.00, suggesting an 11.42% upside. The projected annual revenue for Microsoft is 216,709MM, with a non-GAAP EPS of 9.74. Microsoft declared a $0.68 quarterly dividend.
The stock’s dividend yield is 0.99% at the current share price of $275.42. Looking back five years, the average dividend yield has been 1.18%, with a low of 0.72% and a high of 1.95%. The company’s dividend payout ratio is 0.29, indicating a healthy situation. The 3-Year dividend growth rate is 0.33%.
There are 6962 funds or institutions reporting positions in Microsoft, with an average portfolio weight of 2.79%. The put/call ratio of MSFT is 0.93, indicating a bullish outlook. Vanguard Total Stock Market Index Fund Investor Shares increased its ownership of Microsoft by 1.89% to 3.04%. Other shareholders like Price T Rowe Associates and Geode Capital Management also adjusted their portfolio allocations.
Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge, with a mission to empower every person and organization to achieve more. For more information and regulatory filings, visit Fintel. (Disclaimer: The views expressed are the author’s and not necessarily those of Nasdaq, Inc.)
Read more at “Nasdaq”: JP Morgan Maintains Microsoft (MSFT) Overweight Recommendation
