Jackson Wealth Management LLC Has $56.86 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Jackson Wealth Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,908 shares of the software giant's stock after purchasing an additional 1,746 shares during the quarter. Microsoft comprises approximately 6.4% of Jackson Wealth Management LLC's portfolio, making the stock its 3rd biggest holding. Jackson Wealth Management LLC's holdings in Microsoft were worth $56,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC grew its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSFT. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Cantor Fitzgerald restated an "overweight" rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a report on Thursday, January 30th. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $508.86.

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Microsoft Price Performance

Shares of MSFT stock traded down $0.05 on Wednesday, reaching $382.14. The company's stock had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The company has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The stock's fifty day simple moving average is $403.52 and its 200-day simple moving average is $418.45. 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 Co. has a 1 year low of $367.24 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business posted $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 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.