Microsoft Co. (NASDAQ:MSFT) Position Raised by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 69,662 shares of the software giant’s stock after acquiring an additional 896 shares during the quarter. Microsoft comprises approximately 2.7% of Jaffetilchin Investment Partners LLC’s portfolio, making the stock its 9th largest holding. Jaffetilchin Investment Partners LLC’s holdings in Microsoft were worth $31,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Rebalance LLC raised its holdings in Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares during the period. Arkansas Financial Group Inc. raised its holdings in 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 during the period. Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after acquiring an additional 25 shares during the last quarter. Doheny Asset Management CA raised its holdings in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after acquiring an additional 25 shares during the last quarter. Finally, Flagship Private Wealth LLC raised its holdings in shares of Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after acquiring an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on MSFT shares. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Wells Fargo & Company increased their target price on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets increased their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. TD Cowen increased their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Tigress Financial increased their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Stock Up 0.7 %

Shares of NASDAQ:MSFT opened at $417.46 on Thursday. The firm has a 50 day simple moving average of $417.81 and a 200 day simple moving average of $424.79. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The company has a market cap of $3.10 trillion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

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

Microsoft declared that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

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.