TRUE Private Wealth Advisors Sells 593 Shares of Microsoft Co. (NASDAQ:MSFT)

TRUE Private Wealth Advisors lessened its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,438 shares of the software giant’s stock after selling 593 shares during the quarter. Microsoft accounts for approximately 2.4% of TRUE Private Wealth Advisors’ investment portfolio, making the stock its 11th biggest holding. TRUE Private Wealth Advisors’ holdings in Microsoft were worth $18,591,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after buying an additional 5,762,902 shares during the last quarter. Barclays PLC raised its position in Microsoft by 9.3% during the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after acquiring an additional 2,456,190 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Microsoft in the fourth quarter valued at $9,625,201,000. California Public Employees Retirement System grew its position in shares of Microsoft by 9.2% in the 3rd quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock valued at $6,749,275,000 after acquiring an additional 1,796,956 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Microsoft by 0.8% during the 3rd quarter. Raymond James & Associates now owns 10,671,615 shares of the software giant’s stock worth $3,369,562,000 after purchasing an additional 88,583 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price target on shares of Microsoft in a report on Monday, April 22nd. Jefferies Financial Group boosted their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Friday, April 26th. Macquarie upped their price objective on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

View Our Latest Analysis on MSFT

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 1.6 %

Shares of MSFT stock opened at $423.08 on Thursday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $430.82. The stock’s fifty day moving average price is $414.53 and its two-hundred day moving average price is $395.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market cap of $3.14 trillion, a PE ratio of 36.63, a P/E/G ratio of 2.19 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the firm posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is 25.97%.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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