CogentBlue Wealth Advisors LLC Has $2.29 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

CogentBlue Wealth Advisors LLC lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 50.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,103 shares of the software giant's stock after selling 6,239 shares during the quarter. Microsoft accounts for approximately 2.0% of CogentBlue Wealth Advisors LLC's investment portfolio, making the stock its 14th largest position. CogentBlue Wealth Advisors LLC's holdings in Microsoft were worth $2,291,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fosun International Ltd raised its position in shares of Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after buying an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC raised its holdings in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC raised its holdings in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares in the last quarter. Kuhn & Co Investment Counsel lifted its position in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group boosted its stake in Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MSFT. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. The Goldman Sachs Group lifted their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus boosted their price objective on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $541.79.

Microsoft Stock Performance

MSFT stock traded down $1.65 during trading on Friday, reaching $510.05. 21,120,811 shares of the stock were exchanged, compared to its average volume of 21,618,181. The stock has a 50 day simple moving average of $477.78 and a 200-day simple moving average of $428.49. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.