Jackson Hill Advisors LLC Has $9.68 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Jackson Hill Advisors LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 19.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,500 shares of the software giant's stock after selling 5,500 shares during the period. Microsoft accounts for approximately 4.9% of Jackson Hill Advisors LLC's portfolio, making the stock its 12th biggest position. Jackson Hill Advisors LLC's holdings in Microsoft were worth $9,682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Net Worth Advisory Group acquired a new position in Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant's stock valued at $882,816,000 after acquiring an additional 31,401 shares in the last quarter. Jacobs & Co. CA lifted its holdings in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock worth $41,318,000 after purchasing an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its position in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after purchasing an additional 1,489 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company's stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Microsoft stock traded down $2.65 during trading hours on Friday, hitting $444.06. 15,539,488 shares of the stock were exchanged, compared to its average volume of 15,490,811. The stock has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. The business's 50-day moving average is $431.05 and its two-hundred day moving average is $425.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business's revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.99 earnings per share. Equities research analysts expect that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio is 27.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Truist Financial restated a "buy" rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Piper Sandler lifted their price objective on Microsoft from $470.00 to $520.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Stifel Nicolaus increased their target price on Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley dropped their price target on Microsoft from $548.00 to $540.00 and set an "overweight" rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $512.66.

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.