True Link Financial Advisors LLC Sells 604 Shares of Microsoft Co. (NASDAQ:MSFT)

True Link Financial Advisors LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 44.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 763 shares of the software giant’s stock after selling 604 shares during the period. True Link Financial Advisors LLC’s holdings in Microsoft were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Sicart Associates LLC increased its stake in Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares in the last quarter. Mayfair Advisory Group LLC increased its stake in shares of Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after acquiring an additional 27 shares during the period. High Pines Wealth Management LLC increased its stake in shares of Microsoft by 1.3% in the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares during the period. Sonen Capital LLC increased its stake in shares of Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after acquiring an additional 28 shares during the period. Finally, Perritt Capital Management Inc. increased its stake in shares of Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after acquiring an additional 30 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $411.84 on Thursday. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The stock has a market cap of $3.06 trillion, a P/E ratio of 37.24, a PEG ratio of 2.20 and a beta of 0.89. The company has a 50-day moving average price of $415.48 and a 200 day moving average price of $384.15. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the business earned $2.32 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 27.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. KeyCorp assumed coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Raymond James raised their price target on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Macquarie raised their price target on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $431.03.

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.