Microsoft Corporation (NASDAQ:MSFT) is Trevian Wealth Management LLC’s 8th Largest Position

Trevian Wealth Management LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,110 shares of the software giant’s stock after selling 171 shares during the quarter. Microsoft makes up about 1.6% of Trevian Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Trevian Wealth Management LLC’s holdings in Microsoft were worth $2,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. purchased a new stake in Microsoft in the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter valued at $38,000. LSV Asset Management acquired a new position in Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC grew its position in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new stake in Microsoft in the 4th quarter worth $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup raised their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Oppenheimer raised shares of Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 target price for the company in a research note on Wednesday, July 9th. UBS Group reaffirmed a “positive” rating on shares of Microsoft in a research note on Monday, June 30th. Finally, Bank of America boosted their target price on shares of Microsoft from $515.00 to $585.00 and gave the stock a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $541.79.

Microsoft Price Performance

MSFT stock opened at $510.05 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $514.64. The firm has a market cap of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04. The company’s 50-day moving average price is $477.78 and its two-hundred day moving average price is $428.61.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the firm posted $2.94 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. On average, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

Insider Transactions at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider owned 476,999 shares of the company’s stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Company 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.