Jacobs & Co. CA Cuts Stake in Microsoft Corporation (NASDAQ:MSFT)

Jacobs & Co. CA lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,564 shares of the software giant's stock after selling 4,155 shares during the quarter. Microsoft comprises approximately 3.6% of Jacobs & Co. CA's investment portfolio, making the stock its 3rd biggest holding. Jacobs & Co. CA's holdings in Microsoft were worth $33,997,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC increased its holdings in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC increased its holdings in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its holdings in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after buying an additional 1,043 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Activity

In related news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Trading Up 1.8%

Shares of NASDAQ MSFT opened at $486.00 on Tuesday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $487.75. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $439.81 and a 200-day simple moving average of $420.58. The stock has a market capitalization of $3.61 trillion, a PE ratio of 37.56, a PEG ratio of 2.42 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $2.94 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MSFT shares. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Raymond James Financial upped their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, TD Securities upped their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $515.68.

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.

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