Microsoft Co. (NASDAQ:MSFT) Shares Bought by Jessup Wealth Management Inc

Jessup Wealth Management Inc lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,961 shares of the software giant’s stock after purchasing an additional 277 shares during the quarter. Microsoft comprises 1.3% of Jessup Wealth Management Inc’s portfolio, making the stock its 21st largest position. Jessup Wealth Management Inc’s holdings in Microsoft were worth $2,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. BCK Partners Inc. grew its holdings in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC boosted its stake in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares in the last quarter. Retirement Financial Solutions LLC increased its holdings in Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after buying an additional 24 shares during the period. Sequent Asset Management LLC raised its stake in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its holdings in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wedbush dropped their price target on shares of Microsoft from $550.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Barclays cut their target price on Microsoft from $475.00 to $430.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Scotiabank initiated coverage on Microsoft in a report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective for the company. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.80.

Microsoft Trading Up 2.1 %

Shares of Microsoft stock opened at $374.58 on Thursday. The stock has a market cap of $2.78 trillion, a P/E ratio of 30.16, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The business’s 50 day moving average is $385.70 and its 200-day moving average is $411.70.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 yield of 0.89%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

About Microsoft

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.