Microsoft Co. (NASDAQ:MSFT) Shares Sold by Coastline Trust Co

Coastline Trust Co lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 7.3% during the third quarter, HoldingsChannel reports. The firm owned 98,313 shares of the software giant’s stock after selling 7,725 shares during the quarter. Microsoft comprises 5.0% of Coastline Trust Co’s holdings, making the stock its 3rd largest holding. Coastline Trust Co’s holdings in Microsoft were worth $42,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Ameriprise Financial Inc. lifted its stake in Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after acquiring an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Microsoft by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after purchasing an additional 251,408 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Microsoft by 3.3% in the third quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant’s stock valued at $6,734,651,000 after purchasing an additional 501,954 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MSFT shares. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Morgan Stanley raised their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, UBS Group raised their target price on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong 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 target price of $512.93.

View Our Latest Stock Report on MSFT

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 1.0 %

Shares of Microsoft stock opened at $429.03 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a 50-day moving average of $429.32 and a 200-day moving average of $426.14. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The stock has a market cap of $3.19 trillion, a PE ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s payout ratio is 27.39%.

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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