CogentBlue Wealth Advisors LLC Takes $5.20 Million Position in Microsoft Co. (NASDAQ:MSFT)

CogentBlue Wealth Advisors LLC bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,342 shares of the software giant's stock, valued at approximately $5,202,000. Microsoft makes up about 4.6% of CogentBlue Wealth Advisors LLC's portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. BCK Partners Inc. grew its position in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after buying an additional 24 shares in the last quarter. Muirfield Wealth Advisors LLC grew its holdings in Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC increased its position in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares during the period. Sequent Asset Management LLC raised its stake in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock worth $853,000 after buying an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC boosted its position in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant's stock valued at $1,380,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 1.2 %

Shares of Microsoft stock traded up $4.55 during trading hours on Friday, hitting $391.85. The company's stock had a trading volume of 18,959,931 shares, compared to its average volume of 21,203,147. The stock has a market cap of $2.91 trillion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a fifty day moving average of $384.93 and a 200-day moving average of $411.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 quarter in the previous year, the company posted $2.93 earnings per share. Research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 annualized dividend and a dividend yield of 0.85%. Microsoft's dividend payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Tigress Financial upped their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. The Goldman Sachs Group cut their price target on shares of Microsoft from $500.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Westpark Capital began coverage on shares of Microsoft in a research report on Tuesday, April 1st. They issued a "hold" rating for the company. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $493.13.

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.