Microsoft Co. (NASDAQ:MSFT) Shares Sold by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,897 shares of the software giant’s stock after selling 767 shares during the period. Microsoft comprises 3.6% of TrinityPoint Wealth LLC’s holdings, making the stock its 4th largest position. TrinityPoint Wealth LLC’s holdings in Microsoft were worth $24,913,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Glass Wealth Management Co LLC boosted its stake in shares of Microsoft by 1.7% during the 3rd quarter. Glass Wealth Management Co LLC now owns 29,652 shares of the software giant’s stock worth $12,759,000 after buying an additional 485 shares during the last quarter. Westfuller Advisors LLC acquired a new position in shares of Microsoft during the 3rd quarter worth about $1,320,000. Essential Planning LLC. boosted its stake in shares of Microsoft by 2.0% during the 3rd quarter. Essential Planning LLC. now owns 4,466 shares of the software giant’s stock worth $1,922,000 after buying an additional 88 shares during the last quarter. Swiss National Bank boosted its stake in shares of Microsoft by 0.3% during the 3rd quarter. Swiss National Bank now owns 20,957,770 shares of the software giant’s stock worth $9,018,128,000 after buying an additional 57,800 shares during the last quarter. Finally, S&CO Inc. boosted its stake in shares of Microsoft by 5.0% during the 3rd quarter. S&CO Inc. now owns 156,711 shares of the software giant’s stock worth $67,432,000 after buying an additional 7,397 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % 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 the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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. In the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.1 %

Shares of MSFT opened at $446.71 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.32 trillion, a PE ratio of 36.86, a P/E/G ratio of 2.28 and a beta of 0.90. The firm’s 50 day moving average is $430.07 and its 200-day moving average is $425.55. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.99 EPS. Equities research analysts forecast that Microsoft Co. will post 12.91 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is 27.39%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. Morgan Stanley cut their target price on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen cut their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. KeyCorp raised their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $512.66.

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.