Jackson Hill Advisors LLC Sells 5,500 Shares of Microsoft Co. (NASDAQ:MSFT)

Jackson Hill Advisors LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 19.6% in the 3rd quarter, HoldingsChannel reports. 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 portfolio, making the stock its 12th largest holding. Jackson Hill Advisors LLC’s holdings in Microsoft were worth $9,682,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the period. Quarry LP acquired a new position in Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the 2nd quarter worth approximately $75,000. Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the 2nd quarter valued at $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $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 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Mizuho increased their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Piper Sandler boosted their price objective on Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Three investment 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. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $512.66.

Microsoft Trading Down 0.6 %

NASDAQ:MSFT opened at $444.06 on Friday. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $430.47 and its 200 day moving average is $425.69. The stock 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 issued its 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 firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.99 earnings per share. Sell-side analysts expect that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. 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.