Coastline Trust Co Has $36.13 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Coastline Trust Co decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,241 shares of the software giant’s stock after selling 790 shares during the quarter. Microsoft makes up approximately 4.5% of Coastline Trust Co’s portfolio, making the stock its 3rd largest position. Coastline Trust Co’s holdings in Microsoft were worth $36,128,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Microsoft by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock worth $70,720,874,000 after acquiring an additional 3,103,212 shares in the last quarter. Norges Bank bought a new position in Microsoft during the fourth quarter valued at about $44,343,058,000. Northern Trust Corp grew its position in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Microsoft by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock valued at $25,273,704,000 after buying an additional 5,370,546 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.4%

MSFT stock opened at $520.17 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $502.60 and its 200 day moving average is $441.01. The stock has a market cap of $3.87 trillion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to analysts’ expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. Microsoft’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.95 earnings per share. Sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 24.34%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,350 shares of company stock worth $21,493,447 over the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MSFT. Sanford C. Bernstein increased their price target on shares of Microsoft from $540.00 to $637.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Loop Capital increased their price target on shares of Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of Microsoft from $525.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Evercore ISI increased their price target on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Finally, Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $609.86.

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.