Trek Financial LLC Sells 2,867 Shares of Microsoft Co. (NASDAQ:MSFT)

Trek Financial LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,837 shares of the software giant’s stock after selling 2,867 shares during the quarter. Trek Financial LLC’s holdings in Microsoft were worth $7,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MSFT. Prospector Partners LLC increased its position in shares of Microsoft by 0.3% during the fourth quarter. Prospector Partners LLC now owns 22,142 shares of the software giant’s stock worth $9,333,000 after acquiring an additional 77 shares in the last quarter. Garrison Point Advisors LLC boosted its stake in Microsoft by 110.5% in the 4th quarter. Garrison Point Advisors LLC now owns 33,736 shares of the software giant’s stock worth $14,220,000 after purchasing an additional 17,710 shares during the period. Benchmark Investment Advisors LLC increased its holdings in Microsoft by 16.0% during the 4th quarter. Benchmark Investment Advisors LLC now owns 15,456 shares of the software giant’s stock worth $6,515,000 after purchasing an additional 2,135 shares in the last quarter. Polymer Capital Management HK LTD raised its stake in shares of Microsoft by 13.5% in the 4th quarter. Polymer Capital Management HK LTD now owns 10,897 shares of the software giant’s stock valued at $4,593,000 after purchasing an additional 1,297 shares during the period. Finally, Aristides Capital LLC lifted its holdings in shares of Microsoft by 12.1% in the fourth quarter. Aristides Capital LLC now owns 19,970 shares of the software giant’s stock valued at $8,417,000 after purchasing an additional 2,160 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Securities increased their price objective on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Jefferies Financial Group lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Citigroup boosted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank boosted their price target on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 1st. Finally, DA Davidson raised their price objective on Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $513.89.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now owns 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $472.62 on Thursday. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $475.47. The company has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 38.05, a PEG ratio of 2.21 and a beta of 1.03. The company has a 50-day simple moving average of $423.22 and a 200 day simple moving average of $417.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the business posted $2.94 earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is 25.66%.

Microsoft 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.