Trinity Financial Advisors LLC Acquires 352 Shares of Microsoft Co. (NASDAQ:MSFT)

Trinity Financial Advisors LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 9.9% in the second quarter, Holdings Channel.com reports. The fund owned 3,918 shares of the software giant’s stock after acquiring an additional 352 shares during the quarter. Microsoft comprises 0.8% of Trinity Financial Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Trinity Financial Advisors LLC’s holdings in Microsoft were worth $1,751,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Friedenthal Financial bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new position in Microsoft during the 4th quarter worth $58,000. Richardson Capital Management LLC raised its position in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares in the last quarter. PayPay Securities Corp lifted its holdings in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the period. Finally, Bellevue Group AG grew its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $417.14 on Friday. The business’s 50-day moving average price is $432.34 and its 200 day moving average price is $422.67. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the company earned $2.69 EPS. The business’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. New Street Research assumed coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. Citigroup reduced their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Oppenheimer increased their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Finally, BMO Capital Markets boosted their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Activity

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

About Microsoft

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.