Microsoft Co. (NASDAQ:MSFT) is Coastwise Capital Group LLC's 7th Largest Position

Coastwise Capital Group LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,353 shares of the software giant's stock after purchasing an additional 658 shares during the quarter. Microsoft comprises approximately 2.8% of Coastwise Capital Group LLC's portfolio, making the stock its 7th largest holding. Coastwise Capital Group LLC's holdings in Microsoft were worth $3,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter valued at $38,000. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares during the period. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management increased its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Microsoft in the third quarter valued at $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on MSFT shares. Piper Sandler reaffirmed an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a report on Thursday, March 20th. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $510.59.

Microsoft Price Performance

Shares of MSFT traded up $2.08 during trading hours on Tuesday, reaching $395.16. The company had a trading volume of 15,761,260 shares, compared to its average volume of 19,335,764. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35. The firm has a 50 day simple moving average of $408.34 and a 200-day simple moving average of $419.63. The company has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the firm earned $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.84%. Microsoft's payout ratio is 26.73%.

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.