Cora Capital Advisors LLC Sells 202 Shares of Microsoft Co. (NASDAQ:MSFT)

Cora Capital Advisors LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 2.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 8,391 shares of the software giant’s stock after selling 202 shares during the quarter. Microsoft makes up about 1.8% of Cora Capital Advisors LLC’s holdings, making the stock its 13th biggest holding. Cora Capital Advisors LLC’s holdings in Microsoft were worth $3,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP acquired a new stake in Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter valued at approximately $75,000. Bellevue Group AG lifted its position in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC increased its holdings in Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $415.49 on Thursday. The company has a fifty day simple moving average of $422.46 and a two-hundred day simple moving average of $426.13. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.09 trillion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.91. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.99 earnings per share. Analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a share buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is 27.39%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 1.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,829 shares of company stock valued at $80,966,837. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Finally, Morgan Stanley increased their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Company 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.