JFG Wealth Management LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

JFG Wealth Management LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 74.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,434 shares of the software giant’s stock after acquiring an additional 1,039 shares during the quarter. Microsoft accounts for about 0.3% of JFG Wealth Management LLC’s portfolio, making the stock its 28th largest position. JFG Wealth Management LLC’s holdings in Microsoft were worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Christopher J. Hasenberg Inc lifted its position in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP purchased a new stake in shares of Microsoft during the second quarter valued at approximately $45,000. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC lifted its position in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its stake in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler boosted their price objective on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein lowered their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Microsoft Stock Performance

MSFT stock opened at $427.85 on Tuesday. Microsoft Co. has a 1 year low of $369.01 and a 1 year high of $468.35. The stock has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock’s fifty day moving average is $428.64 and its two-hundred day moving average is $427.95.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during 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%. Microsoft’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 EPS. On average, research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its Board of Directors has initiated a share repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

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.