Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Raised by Cox Capital Mgt LLC

Cox Capital Mgt LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 17.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,081 shares of the software giant's stock after purchasing an additional 2,798 shares during the period. Microsoft makes up approximately 5.2% of Cox Capital Mgt LLC's holdings, making the stock its 2nd largest holding. Cox Capital Mgt LLC's holdings in Microsoft were worth $7,163,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Microsoft in the fourth quarter worth about $44,343,058,000. GAMMA Investing LLC increased its holdings in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp increased its holdings in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president now owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares of the company's stock, valued at $21,647,150.58. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MSFT shares. The Goldman Sachs Group lifted their price objective on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Stifel Nicolaus raised their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating and issued a $530.00 target price (up from $482.00) on shares of Microsoft in a research note on Thursday. Wells Fargo & Company lifted their price objective on Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $521.14.

Microsoft Price Performance

Shares of MSFT opened at $495.94 on Friday. The firm has a market cap of $3.69 trillion, a PE ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03. 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 firm has a fifty day simple moving average of $449.47 and a two-hundred day simple moving average of $421.93. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $499.30.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business 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 period in the previous year, the business earned $2.94 EPS. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

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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