Microsoft Co. (NASDAQ:MSFT) is Coastal Bridge Advisors LLC’s 10th Largest Position

Coastal Bridge Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,023 shares of the software giant’s stock after purchasing an additional 466 shares during the period. Microsoft makes up 1.9% of Coastal Bridge Advisors LLC’s holdings, making the stock its 10th largest position. Coastal Bridge Advisors LLC’s holdings in Microsoft were worth $7,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc grew its stake in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the period. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter worth about $75,000. Bellevue Group AG raised its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC lifted its stake in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft during the 2nd quarter worth approximately $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.5 %

Shares of MSFT stock opened at $425.20 on Thursday. Microsoft Co. has a 1 year low of $362.90 and a 1 year high of $468.35. The firm has a market capitalization of $3.16 trillion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91. The stock has a fifty day moving average of $421.38 and a two-hundred day moving average of $425.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the company earned $2.99 earnings per share. Microsoft’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft declared that its Board of Directors has approved a share repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is presently 24.75%.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,829 shares of company stock worth $80,966,837. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on MSFT shares. Truist Financial reaffirmed a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. KeyCorp increased their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Morgan Stanley upped their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein lowered their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

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.