Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Coerente Capital Management

Coerente Capital Management grew its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,936 shares of the software giant's stock after acquiring an additional 1,127 shares during the quarter. Microsoft comprises about 8.8% of Coerente Capital Management's investment portfolio, making the stock its largest holding. Coerente Capital Management's holdings in Microsoft were worth $45,398,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC raised its stake in shares of Microsoft by 2.7% during the first quarter. Noble Wealth Management PBC now owns 2,297 shares of the software giant's stock valued at $862,000 after purchasing an additional 60 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in Microsoft by 1.0% in the first quarter. Baker Ellis Asset Management LLC now owns 56,380 shares of the software giant's stock worth $21,164,000 after acquiring an additional 570 shares in the last quarter. Chris Bulman Inc raised its holdings in Microsoft by 5.1% during the 1st quarter. Chris Bulman Inc now owns 2,695 shares of the software giant's stock worth $1,012,000 after buying an additional 131 shares during the period. Magnolia Private Wealth LLC raised its holdings in Microsoft by 14.6% during the 1st quarter. Magnolia Private Wealth LLC now owns 5,911 shares of the software giant's stock worth $2,219,000 after buying an additional 753 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. raised its holdings in Microsoft by 0.4% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 12,799 shares of the software giant's stock worth $4,807,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.4%

Shares of NASDAQ:MSFT opened at $503.32 on Monday. The business's 50 day simple moving average is $470.64 and its two-hundred day simple moving average is $425.67. The firm has a market cap of $3.74 trillion, a P/E ratio of 38.90, a PEG ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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 business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 earnings per share. As a group, research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analyst Weigh In

Several analysts have issued reports on MSFT shares. Morgan Stanley restated an "overweight" rating and set a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Cantor Fitzgerald boosted their price target on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Bank of America cut their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $534.14.

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.

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