Three Cord True Wealth Management LLC Acquires Shares of 1,209 Microsoft Corporation (NASDAQ:MSFT)

Three Cord True Wealth Management LLC acquired a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,209 shares of the software giant's stock, valued at approximately $510,000. Microsoft accounts for about 0.4% of Three Cord True Wealth Management LLC's holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Muirfield Wealth Advisors LLC raised its holdings in shares of Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC raised its holdings in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after purchasing an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel raised its holdings in shares of Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after purchasing an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group grew its position in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the topic of several research analyst reports. Wedbush reissued an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Scotiabank boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Stock Performance

NASDAQ:MSFT opened at $480.24 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The company has a fifty day moving average of $434.09 and a two-hundred day moving average of $419.74. The stock has a market capitalization of $3.57 trillion, a PE ratio of 37.11, a P/E/G ratio of 2.43 and a beta of 1.03. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $481.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft's 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.

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