Microsoft Co. (NASDAQ:MSFT) Position Reduced by Trevian Wealth Management LLC

Trevian Wealth Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,280 shares of the software giant’s stock after selling 168 shares during the quarter. Microsoft makes up approximately 1.8% of Trevian Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Trevian Wealth Management LLC’s holdings in Microsoft were worth $2,642,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares in the last quarter. FMR LLC lifted its holdings in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after buying an additional 5,762,902 shares in the last quarter. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter worth about $35,920,047,000. International Assets Investment Management LLC purchased a new stake in shares of Microsoft in the fourth quarter worth about $9,625,201,000. Finally, Jennison Associates LLC increased its position in shares of Microsoft by 1.1% in the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after purchasing an additional 277,881 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MSFT shares. Sanford C. Bernstein upped their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. The Goldman Sachs Group upped their price objective on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Stifel Nicolaus restated a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Finally, Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Check Out Our Latest Report on Microsoft

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $467.56 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 40.48, a P/E/G ratio of 2.20 and a beta of 0.89. The business has a fifty day simple moving average of $429.75 and a two-hundred day simple moving average of $413.34. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results 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 firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period last year, the company earned $2.45 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.64%. Microsoft’s payout ratio is presently 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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