JFS Wealth Advisors LLC Acquires 67 Shares of Microsoft Corporation (NASDAQ:MSFT)

JFS Wealth Advisors LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,993 shares of the software giant’s stock after acquiring an additional 67 shares during the period. JFS Wealth Advisors LLC’s holdings in Microsoft were worth $7,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after buying an additional 2,138 shares during the last quarter. Wealth Group Ltd. raised its position in shares of Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $1,375,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company’s stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,743 shares of company stock valued at $27,520,933. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. Evercore ISI lifted their price objective on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research report on Thursday. Royal Bank Of Canada lifted their price objective on shares of Microsoft from $525.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays lifted their price objective on shares of Microsoft from $550.00 to $625.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Stock Down 1.8%

NASDAQ MSFT opened at $524.11 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $489.94 and a two-hundred day moving average of $434.88. The firm has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.39 and a beta of 1.06. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. Microsoft’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.95 earnings per share. On average, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 24.34%.

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.