Microsoft Corporation $MSFT is Jackson Wealth Management LLC’s 2nd Largest Position

Jackson Wealth Management LLC boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,767 shares of the software giant’s stock after buying an additional 1,345 shares during the period. Microsoft makes up approximately 6.9% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Jackson Wealth Management LLC’s holdings in Microsoft were worth $69,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dominguez Wealth Management Solutions Inc. boosted its holdings in shares of Microsoft by 2.1% in the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 2,301 shares of the software giant’s stock valued at $1,192,000 after acquiring an additional 48 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in Microsoft by 17.8% during the third quarter. Summit Financial Wealth Advisors LLC now owns 11,963 shares of the software giant’s stock valued at $6,217,000 after purchasing an additional 1,807 shares during the period. Morangie Management LLC boosted its holdings in Microsoft by 0.3% in the third quarter. Morangie Management LLC now owns 7,763 shares of the software giant’s stock valued at $4,021,000 after purchasing an additional 21 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in Microsoft by 51.7% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 99,617 shares of the software giant’s stock worth $51,597,000 after purchasing an additional 33,929 shares during the period. Finally, First Citizens Financial Corp grew its position in Microsoft by 5.2% during the 3rd quarter. First Citizens Financial Corp now owns 8,562 shares of the software giant’s stock worth $4,435,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.7%

Shares of NASDAQ:MSFT opened at $483.98 on Friday. The business’s 50 day moving average price is $500.28 and its 200-day moving average price is $502.57. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a market capitalization of $3.60 trillion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping the consensus estimate of $3.65 by $0.48. The company had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 EPS. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio is 25.89%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Cantor Fitzgerald set a $639.00 price objective on Microsoft in a report on Thursday, October 30th. Cowen reissued a “buy” rating on shares of Microsoft in a report on Friday, October 24th. Barclays restated an “overweight” rating and issued a $625.00 price objective on shares of Microsoft in a research report on Friday, August 29th. Baird R W raised shares of Microsoft to a “strong-buy” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Microsoft in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $631.03.

Insider Activity at Microsoft

In other news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total value of $1,364,352.00. Following the transaction, the executive vice president owned 55,782 shares in the company, valued at $26,703,959.04. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 38,500 shares of Microsoft stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the sale, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. This represents a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is owned by corporate insiders.

Microsoft Company Profile

Microsoft Corporation develops 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, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.