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

CogentBlue Wealth Advisors LLC trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT) by 50.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,103 shares of the software giant’s stock after selling 6,239 shares during the quarter. Microsoft comprises about 2.0% of CogentBlue Wealth Advisors LLC’s portfolio, making the stock its 14th biggest position. CogentBlue Wealth Advisors LLC’s holdings in Microsoft were worth $2,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Fosun International Ltd lifted its position in Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock valued at $2,490,000 after acquiring an additional 23 shares during the last quarter. Muirfield Wealth Advisors LLC raised its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after buying an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel increased its stake in shares of 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 acquiring an additional 25 shares during the period. Finally, Alliance Wealth Management Group increased its stake in shares of Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Securities increased their price objective on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Raymond James Financial raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Jefferies Financial Group raised their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $541.79.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $510.05 on Friday. The company’s 50-day moving average price is $477.78 and its 200-day moving average price is $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 cap of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.33 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) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the firm posted $2.94 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 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.