Bank of Jackson Hole Trust Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Bank of Jackson Hole Trust bought a new position in Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,725 shares of the software giant’s stock, valued at approximately $5,364,000. Microsoft makes up about 3.6% of Bank of Jackson Hole Trust’s holdings, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC lifted its position in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares during the last quarter. Oak Ridge Investments LLC grew its holdings in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the period. Campbell Wealth Management bought a new stake in Microsoft during the 3rd quarter valued at $3,314,000. Finally, Centric Wealth Management raised its holdings in Microsoft by 0.7% during the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock valued at $6,789,000 after buying an additional 112 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 2.4 %

Shares of NASDAQ MSFT opened at $359.12 on Tuesday. The company has a market cap of $2.67 trillion, a PE ratio of 28.91, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm’s 50 day moving average price is $387.26 and its 200-day moving average price is $412.30. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the business posted $2.93 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Wedbush cut their price objective on Microsoft from $550.00 to $475.00 and set an “outperform” rating on the stock in a research report on Thursday, April 10th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday, April 1st. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $497.63.

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.