On April 19, 2023, Citigroup maintained a Buy recommendation for Microsoft (MSFT), with an average one-year price target of $296.39, representing a 2.78% upside from the current price of $288.37. The projected annual revenue for Microsoft is $216,709MM, with a non-GAAP EPS of $9.74.

Microsoft also declared a regular quarterly dividend of $0.68 per share ($2.72 annualized) on March 14, 2023. The current dividend yield is 0.94%, 0.74 standard deviations below the historical average. The company’s dividend payout ratio is 0.30, indicating sustainable dividend growth.

In terms of shareholder activity, various firms have made changes to their portfolio allocation in MSFT. For example, Cubist Systematic Strategies decreased its ownership by 1,628.56%, while Covey Capital Advisors and FSA Wealth Management made minor adjustments to their holdings. Ubs Global Allocation Fund and Versant Capital Management also adjusted their portfolio allocation in MSFT.

There are 6952 funds or institutions reporting positions in Microsoft, with an average portfolio weight of 2.52%. The total shares owned by institutions increased by 0.41% in the last three months. The put/call ratio of MSFT is 0.90, indicating a bullish outlook in the market sentiment towards the stock.

Microsoft enables digital transformation through intelligent cloud and edge technologies, aiming to empower individuals and organizations worldwide. For more information on Microsoft, including regulatory filings, visit their official page. This news was originally reported on Fintel.

Read more at Nasdaq: Citigroup Maintains Microsoft (MSFT) Buy Recommendation