Microsoft Co. (NASDAQ:MSFT) Shares Sold by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,916 shares of the software giant’s stock after selling 385 shares during the quarter. Microsoft accounts for about 5.3% of Trivant Custom Portfolio Group LLC’s investment portfolio, making the stock its 2nd largest holding. Trivant Custom Portfolio Group LLC’s holdings in Microsoft were worth $8,379,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new position in Microsoft in the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter valued at $58,000. PayPay Securities Corp lifted its holdings in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Cooksen Wealth LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $86,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in shares of Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $466.24 on Tuesday. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 40.37, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $431.03 and its two-hundred day simple moving average is $413.99. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSFT. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, May 24th. Oppenheimer boosted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Jefferies Financial Group increased their price target on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Evercore ISI boosted their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Check Out Our Latest Stock Report on Microsoft

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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