Microsoft Corporation (MSFT) Shares Bought by Jackson Wealth Management LLC
Jackson Wealth Management LLC increased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,290 shares of the software giant’s stock after acquiring an additional 1,496 shares during the period. Microsoft Corporation makes up about 1.8% of Jackson Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Jackson Wealth Management LLC’s holdings in Microsoft Corporation were worth $5,011,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of MSFT. Asset Planning Services Ltd. raised its stake in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after acquiring an additional 837 shares during the last quarter. Pacific Center for Financial Services purchased a new position in Microsoft Corporation in the 4th quarter worth $155,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation in the 4th quarter worth $161,000. Schneider Downs Wealth Management Advisors LP purchased a new position in Microsoft Corporation in the 1st quarter worth $209,000. Finally, Cordasco Financial Network raised its stake in Microsoft Corporation by 44.6% in the 1st quarter. Cordasco Financial Network now owns 3,326 shares of the software giant’s stock worth $219,000 after acquiring an additional 1,026 shares during the last quarter. Institutional investors own 73.47% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 1.11% during mid-day trading on Monday, reaching $73.94. The company’s stock had a trading volume of 21,736,161 shares. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.96. The firm’s 50 day moving average price is $73.08 and its 200-day moving average price is $68.93. The company has a market capitalization of $569.50 billion, a price-to-earnings ratio of 27.28 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. On average, analysts predict that Microsoft Corporation will post $3.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.11%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
A number of brokerages recently issued reports on MSFT. UBS Group AG restated a “buy” rating and issued a $82.00 target price (up previously from $73.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Barclays PLC restated an “overweight” rating and issued a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Canaccord Genuity raised their target price on Microsoft Corporation from $68.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. BMO Capital Markets raised their target price on Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Finally, Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.51.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by company insiders.
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About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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