JB Capital LLC Has $10.22 Million Stake in Microsoft Co. (NASDAQ:MSFT)

JB Capital LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,183 shares of the software giant’s stock after selling 4,214 shares during the period. Microsoft comprises 0.8% of JB Capital LLC’s holdings, making the stock its 25th biggest position. JB Capital LLC’s holdings in Microsoft were worth $10,222,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its holdings in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. Norges Bank acquired a new stake in Microsoft during the 4th quarter worth approximately $20,700,525,000. Aaron Wealth Advisors LLC lifted its holdings in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Morgan Stanley lifted its holdings in Microsoft by 14.0% during the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after purchasing an additional 14,652,150 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Microsoft by 348.6% during the 2nd quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock worth $894,426,000 after purchasing an additional 9,324,182 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 in the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Down 1.3 %

Shares of MSFT opened at $399.12 on Friday. The company has a market capitalization of $2.97 trillion, a PE ratio of 36.09, a PEG ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 12 month low of $275.37 and a 12 month high of $430.82. The stock’s 50-day moving average price is $414.86 and its two-hundred day moving average price is $384.83. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 EPS. On average, analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is 27.12%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. Citigroup dropped their price target on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a report on Thursday, January 25th. Finally, BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a report on Thursday, January 18th. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $432.13.

Microsoft 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.