Microsoft Co. (NASDAQ:MSFT) Shares Sold by JB Capital LLC

JB Capital LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,183 shares of the software giant’s stock after selling 4,214 shares during the period. Microsoft makes up about 0.8% of JB Capital LLC’s holdings, making the stock its 25th biggest holding. JB Capital LLC’s holdings in Microsoft were worth $10,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Monumental Financial Group Inc. purchased a new stake in Microsoft during the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC increased its stake in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC acquired a new stake in Microsoft in the second quarter valued at $601,000. Hibernia Wealth Partners LLC acquired a new stake in Microsoft in the third quarter valued at $69,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 in the last three months. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $399.12 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $414.86 and its two-hundred day moving average price is $384.83. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The stock has a market cap of $2.97 trillion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio is 27.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MSFT shares. Piper Sandler restated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research note on Thursday, January 25th. DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. KeyCorp started coverage on Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective on the stock. Raymond James upped their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada upped their price objective on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $432.13.

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.