3,134 Shares in Microsoft Corporation $MSFT Acquired by Coastline Complete Wealth LLC

Coastline Complete Wealth LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFTFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,134 shares of the software giant’s stock, valued at approximately $1,515,000. Microsoft comprises about 1.0% of Coastline Complete Wealth LLC’s portfolio, making the stock its 23rd biggest position.

Several other large investors also recently added to or reduced their stakes in the business. Longfellow Investment Management Co. LLC raised its holdings in Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. Bernzott Capital Advisors bought a new stake in shares of Microsoft during the 4th quarter worth about $34,000. Timmons Wealth Management LLC acquired a new position in shares of Microsoft during the 4th quarter valued at about $36,000. Fairway Wealth LLC increased its holdings in shares of Microsoft by 287.0% during the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after acquiring an additional 66 shares during the last quarter. Finally, LSV Asset Management bought a new position in shares of Microsoft in the 4th quarter valued at approximately $44,000. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, EVP Amy Coleman sold 1,262 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the completion of the transaction, the executive vice president owned 46,003 shares in the company, valued at $18,922,874.02. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Judson Althoff sold 15,500 shares of Microsoft stock in a transaction on Monday, June 1st. The shares were sold at an average price of $460.99, for a total value of $7,145,345.00. Following the transaction, the chief executive officer directly owned 110,477 shares of the company’s stock, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 23,762 shares of company stock valued at $10,508,361. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSFT shares. Dbs Bank reduced their target price on Microsoft from $678.00 to $573.00 in a report on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and issued a $515.00 price target (down from $630.00) on shares of Microsoft in a research report on Monday, April 27th. New Street Research reduced their price objective on shares of Microsoft from $675.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company upped their price objective on shares of Microsoft from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $575.00 target price on shares of Microsoft in a research note on Wednesday, May 13th. Forty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $561.20.

View Our Latest Stock Report on Microsoft

Microsoft Price Performance

MSFT opened at $379.40 on Friday. Microsoft Corporation has a fifty-two week low of $356.28 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.27. The firm’s fifty day moving average price is $412.37 and its two-hundred day moving average price is $425.58. The company has a market capitalization of $2.82 trillion, a P/E ratio of 22.58, a P/E/G ratio of 1.37 and a beta of 1.11.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. The company had revenue of $82.89 billion during the quarter, compared to analysts’ expectations of $81.44 billion. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The business’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.46 EPS. On average, analysts anticipate that Microsoft Corporation will post 16.76 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.91 per share. The ex-dividend date is Thursday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. Microsoft’s dividend payout ratio (DPR) is currently 21.67%.

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About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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