True Wealth Design LLC Has $236,000 Stake in Microsoft Co. (NASDAQ:MSFT)

True Wealth Design LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 57.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 548 shares of the software giant’s stock after selling 744 shares during the period. Microsoft comprises approximately 0.1% of True Wealth Design LLC’s investment portfolio, making the stock its 29th largest position. True Wealth Design LLC’s holdings in Microsoft were worth $236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft during the 2nd quarter valued at $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter worth $62,000. Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the second quarter valued at about $200,000. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % 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, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSFT. Mizuho reduced their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target 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. DA Davidson reiterated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Up 0.4 %

MSFT opened at $412.37 on Wednesday. The company has a market cap of $3.07 trillion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a fifty day moving average price of $432.37 and a two-hundred day moving average price of $424.21. 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 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the business posted $2.93 earnings per share. Analysts predict that Microsoft Co. will post 13.03 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 26.73%.

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.