Trinity Legacy Partners LLC Has $5.45 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Trinity Legacy Partners LLC Has .45 Million Stake in Microsoft Co.  (NASDAQ:MSFT)

Trinity Legacy Partners LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,404 shares of the software giant’s stock after selling 564 shares during the period. Microsoft makes up 2.3% of Trinity Legacy Partners LLC’s portfolio, making the stock its 10th largest position. Trinity Legacy Partners LLC’s holdings in Microsoft were worth $5,451,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MSFT. Aaron Wealth Advisors LLC raised its stake in shares of Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares during the last quarter. Bishop Rock Capital LP raised its stake in shares of Microsoft by 11,434.2% during the second quarter. Bishop Rock Capital LP now owns 5,460,976 shares of the software giant’s stock valued at $21,263,000 after acquiring an additional 5,413,630 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Microsoft during the second quarter valued at about $981,125,000. Finally, the Swiss National Bank raised its stake in shares of Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after acquiring an additional 3,757,500 shares during the last quarter. 69.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equity analysts have recently commented on MSFT shares. Cowen lowered their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Jefferies Financial Group reduced their price target on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Wolfe Research reduced their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Moffett Nathanson assumed coverage on shares of Microsoft in a research report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $297.22.

Insider Transactions at Microsoft

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In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.2 %

MSFT opened at $238.73 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $344.30. The company has a market capitalization of $1.78 trillion, a PE ratio of 25.73, a PEG ratio of 2.32 and a beta of 0.93. The firm’s 50 day simple moving average is $241.03 and its two-hundred day simple moving average is $252.92.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period last year, the firm earned $2.27 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equity analysts forecast that Microsoft Co. will post 9.54 EPS for the current year.

Microsoft Announces Dividends

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Microsoft Profiles

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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