Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,023 shares of the software giant’s stock after buying an additional 466 shares during the period. Microsoft accounts for approximately 1.9% of Coastal Bridge Advisors LLC’s portfolio, making the stock its 10th biggest holding. Coastal Bridge Advisors LLC’s holdings in Microsoft were worth $7,609,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MSFT. WFA Asset Management Corp increased its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Red Tortoise LLC lifted its holdings in shares of Microsoft by 2.6% during the first quarter. Red Tortoise LLC now owns 4,288 shares of the software giant’s stock worth $1,804,000 after buying an additional 108 shares during the last quarter. United Capital Management of KS Inc. boosted its position in shares of Microsoft by 0.5% in the first quarter. United Capital Management of KS Inc. now owns 37,106 shares of the software giant’s stock valued at $15,611,000 after acquiring an additional 180 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in shares of Microsoft by 2.4% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 10,887 shares of the software giant’s stock worth $4,580,000 after acquiring an additional 257 shares during the last quarter. Finally, Wiser Wealth Management Inc increased its position in Microsoft by 30.7% during the first quarter. Wiser Wealth Management Inc now owns 1,700 shares of the software giant’s stock worth $715,000 after acquiring an additional 399 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred 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 owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,829 shares of company stock worth $80,966,837. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $425.20 on Thursday. The company has a fifty day moving average price of $421.38 and a two-hundred day moving average price of $425.44. The firm has a market capitalization of $3.16 trillion, a PE ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.99 EPS. As a group, analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft announced that its board has initiated a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is currently 24.75%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSFT. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. BMO Capital Markets reduced their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Sanford C. Bernstein lowered their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, Bank of America boosted their price target on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

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.