Trek Financial LLC Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Trek Financial LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 13.8% in the 4th quarter, according to its most recent filing with the 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 have also bought and sold shares of the business. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter valued at approximately $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management boosted its position in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth about $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $120,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. Insiders own 0.03% of the company's stock.

Microsoft Stock Up 1.3%

NASDAQ:MSFT traded up $6.25 during trading hours on Thursday, reaching $478.87. The company's stock had a trading volume of 18,905,074 shares, compared to its average volume of 21,507,291. The stock has a 50 day moving average price of $423.22 and a two-hundred day moving average price 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. The company has a market capitalization of $3.56 trillion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $480.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Piper Sandler restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Evercore ISI set a $515.00 price target on Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. UBS Group cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Morgan Stanley restated an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $513.89.

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.