Jeppson Wealth Management LLC Purchases 166 Shares of Microsoft Co. (NASDAQ:MSFT)

Jeppson Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,074 shares of the software giant’s stock after acquiring an additional 166 shares during the period. Microsoft comprises approximately 2.4% of Jeppson Wealth Management LLC’s portfolio, making the stock its 7th largest position. Jeppson Wealth Management LLC’s holdings in Microsoft were worth $6,290,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MSFT. Rebalance LLC increased its position in Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares during the period. First National Bank Sioux Falls grew its holdings in Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after acquiring an additional 24 shares during the last quarter. Partnership Wealth Management LLC increased its holdings in Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the period. Doheny Asset Management CA raised its position in Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after purchasing an additional 25 shares during the last quarter. Finally, Flagship Private Wealth LLC boosted its stake in shares of Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.3 %

NASDAQ:MSFT opened at $418.16 on Monday. The firm has a market cap of $3.11 trillion, a P/E ratio of 36.20, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a fifty-two week low of $324.39 and a fifty-two week high of $468.35. The firm has a 50-day simple moving average of $419.66 and a two-hundred day simple moving average of $424.54.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 EPS. Analysts predict that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 28.74%.

Microsoft announced that its Board of Directors has initiated a stock buyback program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSFT shares. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research report on Monday, September 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday. Citigroup decreased their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Mizuho raised their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $495.68.

Insiders Place Their Bets

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

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.