Coerente Capital Management Has $49.42 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Coerente Capital Management decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,419 shares of the software giant’s stock after selling 446 shares during the period. Microsoft makes up about 10.1% of Coerente Capital Management’s holdings, making the stock its largest 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 recently added to or reduced their stakes in MSFT. DGS Capital Management LLC lifted its stake in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC boosted its holdings in Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

MSFT stock opened at $399.12 on Friday. The company has a market cap of $2.97 trillion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The stock’s fifty day moving average price is $414.86 and its 200-day moving average price is $384.83.

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

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSFT shares. BMO Capital Markets increased their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Barclays upped their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Jefferies Financial Group upped their price target on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada increased their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $432.13.

About Microsoft

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.