Microsoft Co. (NASDAQ:MSFT) Stake Lessened by Coerente Capital Management

Coerente Capital Management reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,419 shares of the software giant’s stock after selling 446 shares during the quarter. Microsoft accounts for approximately 10.1% of Coerente Capital Management’s investment portfolio, making the stock its biggest holding. Coerente Capital Management’s holdings in Microsoft were worth $49,419,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the 1st quarter worth about $28,000. Atlantic Private Wealth LLC raised its position in shares of Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new position in shares of Microsoft during the 3rd quarter worth about $69,000. Iron Horse Wealth Management LLC raised its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $83,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of MSFT opened at $399.12 on Friday. Microsoft Co. has a twelve month low of $275.37 and a twelve month high of $430.82. The firm’s fifty day simple moving average is $414.86 and its 200-day simple moving average is $384.83. The firm has a market capitalization of $2.97 trillion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.20 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period last year, the business earned $2.32 EPS. The company’s revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s payout ratio is 27.12%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. UBS Group restated a “buy” rating and set a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Citigroup cut their price objective on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $432.13.

Insider Activity

In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company 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.