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

Posted by Defense World Staff on Nov 1st, 2023

JB Capital LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,345 shares of the software giant’s stock after selling 510 shares during the quarter. Microsoft makes up 1.1% of JB Capital LLC’s holdings, making the stock its 14th largest holding. JB Capital LLC’s holdings in Microsoft were worth $13,399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after buying an additional 6,129,708 shares in the last quarter. State Street Corp boosted its position in Microsoft by 0.7% during the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. FMR LLC boosted its position in Microsoft by 0.8% during the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after purchasing an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Trading Up 0.2 %

MSFT stock opened at $338.11 on Wednesday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The firm has a market cap of $2.51 trillion, a P/E ratio of 32.73, a P/E/G ratio of 2.20 and a beta of 0.91. The business’s 50 day moving average is $326.98 and its 200-day moving average is $325.31. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.34. The company had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. Equities analysts anticipate that Microsoft Co. will post 11.11 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.75 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s payout ratio is presently 26.33%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. BMO Capital Markets lifted their price objective on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Barclays reduced their price objective on Microsoft from $425.00 to $421.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. StockNews.com initiated coverage on Microsoft in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Morgan Stanley boosted their price target on Microsoft from $335.00 to $415.00 in a research report on Thursday, July 6th. Finally, Tigress Financial boosted their price target on Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $384.34.

View Our Latest Analysis on MSFT

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of the transaction, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Microsoft Profile

(Free Report)

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.