Trinity Financial Advisors LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Trinity Financial Advisors LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,566 shares of the software giant’s stock after selling 124 shares during the quarter. Microsoft makes up about 0.7% of Trinity Financial Advisors LLC’s portfolio, making the stock its 21st biggest position. Trinity Financial Advisors LLC’s holdings in Microsoft were worth $1,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Baker Ellis Asset Management LLC increased its holdings in Microsoft by 1.0% during the 1st quarter. Baker Ellis Asset Management LLC now owns 53,591 shares of the software giant’s stock worth $22,547,000 after purchasing an additional 506 shares during the period. First Bank & Trust boosted its holdings in shares of Microsoft by 0.6% in the 1st quarter. First Bank & Trust now owns 35,242 shares of the software giant’s stock valued at $14,827,000 after buying an additional 214 shares in the last quarter. Grimes & Company Inc. grew its holdings in Microsoft by 1.4% in the first quarter. Grimes & Company Inc. now owns 171,320 shares of the software giant’s stock worth $72,078,000 after purchasing an additional 2,400 shares during the last quarter. Griffin Asset Management Inc. raised its stake in Microsoft by 1.3% in the first quarter. Griffin Asset Management Inc. now owns 82,769 shares of the software giant’s stock valued at $34,822,000 after buying an additional 1,074 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. raised its position in shares of Microsoft by 7.9% in the 1st quarter. Garrison Bradford & Associates Inc. now owns 17,279 shares of the software giant’s stock valued at $7,270,000 after purchasing an additional 1,265 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 0.3 %

NASDAQ MSFT opened at $466.24 on Tuesday. The company has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The company’s fifty day moving average price is $431.03 and its two-hundred day moving average price is $413.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors 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 yield of 0.64%. Microsoft’s payout ratio is currently 25.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSFT. Evercore ISI raised their price objective on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Raymond James reaffirmed an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Citigroup increased their price target on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. The Goldman Sachs Group increased their price objective on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group raised their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Get Our Latest Analysis on Microsoft

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred 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 transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

Microsoft Profile

(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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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