Cora Capital Advisors LLC Has $2.42 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Cora Capital Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,376 shares of the software giant’s stock after selling 97 shares during the quarter. Microsoft comprises approximately 1.8% of Cora Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Cora Capital Advisors LLC’s holdings in Microsoft were worth $2,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. Affiance Financial LLC increased its position in shares of Microsoft by 0.3% during the first quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock valued at $2,988,000 after acquiring an additional 35 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of Microsoft by 1.3% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock valued at $835,000 after acquiring an additional 36 shares during the last quarter. Rede Wealth LLC boosted its stake in shares of Microsoft by 0.4% in the first quarter. Rede Wealth LLC now owns 9,653 shares of the software giant’s stock valued at $2,783,000 after purchasing an additional 37 shares during the period. Sentinel Pension Advisors Inc. boosted its stake in shares of Microsoft by 1.1% in the fourth quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock valued at $898,000 after purchasing an additional 39 shares during the period. Finally, Waterford Advisors LLC boosted its stake in shares of Microsoft by 1.4% in the first quarter. Waterford Advisors LLC now owns 2,795 shares of the software giant’s stock valued at $806,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Argus raised their price objective on shares of Microsoft from $371.00 to $390.00 and gave the company a “buy” rating in a research note on Monday, July 31st. The Goldman Sachs Group raised their price objective on shares of Microsoft from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Oppenheimer reiterated an “outperform” rating and issued a $410.00 price target on shares of Microsoft in a research note on Friday, July 28th. Raymond James lifted their price target on shares of Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Finally, Mizuho lifted their price target on shares of Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $373.68.

Insider Buying and Selling at Microsoft

In other Microsoft news, Director Teri List sold 1,250 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the transaction, the director now directly owns 874 shares of the company’s stock, valued at approximately $292,588.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Teri List sold 1,250 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the sale, the director now owns 874 shares in the company, valued at $292,588.98. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $322.98 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 33.33, a PEG ratio of 2.41 and a beta of 0.90. The firm’s fifty day simple moving average is $333.79 and its 200-day simple moving average is $305.69. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $366.78.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.14. The company had revenue of $56.19 billion for the quarter, compared to analysts’ expectations of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.23 EPS. As a group, equities analysts forecast that Microsoft Co. will post 10.9 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a yield of 0.84%. Microsoft’s dividend payout ratio is currently 28.07%.

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.