Jaffetilchin Investment Partners LLC Has $28.93 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Jaffetilchin Investment Partners LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,766 shares of the software giant’s stock after selling 613 shares during the period. Microsoft accounts for approximately 2.6% of Jaffetilchin Investment Partners LLC’s holdings, making the stock its 9th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Microsoft were worth $28,931,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Morris Financial Concepts Inc. grew its position in Microsoft by 0.9% during the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after buying an additional 25 shares during the period. Innova Wealth Partners grew its position in shares of Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after acquiring an additional 25 shares during the period. Arkansas Financial Group Inc. increased its stake in shares of Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares in the last quarter. Partnership Wealth Management LLC increased its stake in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after purchasing an additional 25 shares in the last quarter. Finally, Johnson Bixby & Associates LLC lifted its position in Microsoft by 0.4% during the first quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock valued at $2,727,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MSFT shares. Citigroup reduced their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. The Goldman Sachs Group upped their price target on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein upped their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 0.2 %

NASDAQ:MSFT opened at $424.14 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a market cap of $3.15 trillion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The company has a 50-day moving average of $436.09 and a 200 day moving average of $422.67. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 EPS. As a group, research analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is presently 25.97%.

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.