Microsoft Co. (NASDAQ:MSFT) is Jacobsen Capital Management’s 10th Largest Position

Jacobsen Capital Management reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,361 shares of the software giant’s stock after selling 284 shares during the quarter. Microsoft accounts for about 2.4% of Jacobsen Capital Management’s investment portfolio, making the stock its 10th largest position. Jacobsen Capital Management’s holdings in Microsoft were worth $5,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP bought a new stake in Microsoft during the second quarter worth about $45,000. Innealta Capital LLC bought a new position in Microsoft during the 2nd quarter valued at approximately $75,000. Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its stake in Microsoft by 241.4% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSFT. KeyCorp boosted their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Mizuho raised their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Stock Performance

MSFT opened at $430.53 on Friday. 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 price is $428.90 and its 200 day moving average price is $428.88. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The firm has a market capitalization of $3.20 trillion, a PE ratio of 35.52, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the business posted $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

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

Insider Activity at Microsoft

In other Microsoft news, 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 value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last three months. 0.03% of the stock is owned by company 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.