Jacobsen Capital Management Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Jacobsen Capital Management lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 32.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,937 shares of the software giant’s stock after buying an additional 2,686 shares during the quarter. Microsoft makes up approximately 1.5% of Jacobsen Capital Management’s portfolio, making the stock its 13th biggest position. Jacobsen Capital Management’s holdings in Microsoft were worth $2,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. lifted its stake in Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the first quarter worth approximately $28,000. Tobam raised its stake in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft during the first quarter worth approximately $68,000. Finally, Newfound Research LLC raised its stake in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSFT has been the subject of several analyst reports. Evercore ISI cut their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Raymond James cut their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Oppenheimer cut their price objective on Microsoft from $275.00 to $265.00 in a research report on Wednesday, October 26th. Finally, Cowen cut their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Stock Down 0.0 %

Shares of NASDAQ:MSFT opened at $241.68 on Friday. The stock’s 50-day moving average price is $238.31 and its two-hundred day moving average price is $256.85. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $349.67. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same period last year, the company earned $2.27 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 26.72%.

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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