Jackson Hill Advisors LLC Has $9.68 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Jackson Hill Advisors LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 19.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,500 shares of the software giant’s stock after selling 5,500 shares during the quarter. Microsoft makes up about 4.9% of Jackson Hill Advisors LLC’s investment portfolio, making the stock its 12th largest position. Jackson Hill Advisors LLC’s holdings in Microsoft were worth $9,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. WFA Asset Management Corp increased its position in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Nicholas Investment Partners LP boosted its holdings in Microsoft by 3.0% during the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after buying an additional 1,164 shares during the last quarter. Sather Financial Group Inc grew its holdings in Microsoft by 3.5% during the second quarter. Sather Financial Group Inc now owns 255,923 shares of the software giant’s stock valued at $114,385,000 after purchasing an additional 8,642 shares during the period. Finally, Secure Asset Management LLC grew its holdings in shares of Microsoft by 33.6% in the 2nd quarter. Secure Asset Management LLC now owns 22,506 shares of the software giant’s stock valued at $10,059,000 after buying an additional 5,664 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Stifel Nicolaus upped their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $512.66.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 in the last 90 days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $444.06 on Friday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $430.47 and its 200 day simple moving average is $425.69. The firm has a market capitalization of $3.30 trillion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.99 EPS. On average, analysts anticipate that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

About Microsoft

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.