Bank of Jackson Hole Trust Acquires New Shares in Microsoft Co. (NASDAQ:MSFT)

Bank of Jackson Hole Trust purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 large investors also recently modified their holdings of MSFT. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC grew its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Morgan Stanley dropped their target price on Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Westpark Capital began coverage on shares of Microsoft in a report on Tuesday, April 1st. They issued a "hold" rating for the company. UBS Group decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price target for the company from $425.00 to $450.00 in a research report on Thursday, March 13th. Finally, Mizuho decreased their price objective on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $494.80.

Microsoft Stock Up 2.1 %

MSFT traded up $7.76 during midday trading on Wednesday, reaching $374.58. The company's stock had a trading volume of 20,511,535 shares, compared to its average volume of 21,238,666. The stock's 50-day moving average is $386.38 and its 200-day moving average is $411.95. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.21 and a beta of 1.00. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 quarter last year, the firm posted $2.93 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. 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 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.