Trinity Legacy Partners LLC Sells 142 Shares of Microsoft Co. (NASDAQ:MSFT)

Trinity Legacy Partners LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,253 shares of the software giant’s stock after selling 142 shares during the quarter. Microsoft comprises about 1.7% of Trinity Legacy Partners LLC’s portfolio, making the stock its 15th biggest holding. Trinity Legacy Partners LLC’s holdings in Microsoft were worth $7,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc increased its position in 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 acquiring an additional 44 shares during the period. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC raised its position in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the second quarter valued at approximately $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Finally, Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $511.62.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.5 %

NASDAQ MSFT opened at $424.56 on Friday. The stock has a market capitalization of $3.16 trillion, a P/E ratio of 35.03, a P/E/G ratio of 2.37 and a beta of 0.90. The business has a 50 day simple moving average of $428.65 and a 200 day simple moving average of $427.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a one year low of $371.19 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the business posted $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is presently 27.39%.

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

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.