Jacobsen Capital Management Purchases 226 Shares of Microsoft Co. (NASDAQ:MSFT)

Jacobsen Capital Management lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,587 shares of the software giant’s stock after acquiring an additional 226 shares during the quarter. Microsoft accounts for approximately 2.4% of Jacobsen Capital Management’s holdings, making the stock its 10th largest position. Jacobsen Capital Management’s holdings in Microsoft were worth $5,727,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Net Worth Advisory Group bought a new position in shares of Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC grew its stake in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the last quarter. Focus Financial Network Inc. increased its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the period. Campbell Wealth Management bought a new stake in Microsoft in the third quarter valued at $3,314,000. Finally, Evernest Financial Advisors LLC boosted its holdings in shares of Microsoft by 389.2% during the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after acquiring an additional 42,778 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Tigress Financial upped their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Loop Capital lifted their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Scotiabank assumed coverage on Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective for the company. Finally, Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Performance

NASDAQ:MSFT opened at $390.58 on Friday. The firm has a market capitalization of $2.90 trillion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The firm has a 50-day moving average price of $406.52 and a 200 day moving average price of $419.25.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the firm posted $2.93 earnings per share. Research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is presently 26.73%.

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.