Trivest Advisors Ltd Has $81.78 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jun 2nd, 2023

Trivest Advisors Ltd lowered its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,000 shares of the software giant’s stock after selling 175,580 shares during the quarter. Microsoft accounts for approximately 9.9% of Trivest Advisors Ltd’s portfolio, making the stock its 3rd largest position. Trivest Advisors Ltd’s holdings in Microsoft were worth $81,779,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MSFT. Aaron Wealth Advisors LLC increased its stake in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. increased its stake in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares in the last quarter. Swiss National Bank increased its stake in Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after purchasing an additional 3,757,500 shares in the last quarter. Cottage Street Advisors LLC increased its stake in Microsoft by 17,734.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,763,300 shares of the software giant’s stock valued at $1,351,000 after purchasing an additional 3,742,199 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Microsoft by 73.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,172,257 shares of the software giant’s stock valued at $1,903,319,000 after purchasing an additional 3,471,095 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The disclosure for this sale can be found here. Insiders sold a total of 50,081 shares of company stock valued at $15,448,816 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSFT. Oppenheimer lifted their price objective on shares of Microsoft from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Moffett Nathanson lifted their price objective on shares of Microsoft from $263.00 to $306.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Evercore ISI lifted their price objective on shares of Microsoft from $295.00 to $337.00 in a report on Wednesday, April 26th. TD Cowen boosted their price target on shares of Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Finally, Rosenblatt Securities boosted their price target on shares of Microsoft from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $329.01.

Microsoft Stock Up 1.3 %

MSFT stock opened at $332.58 on Friday. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The company’s 50 day moving average is $300.91 and its 200 day moving average is $267.26. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $335.94.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 earnings per share. Sell-side analysts predict that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 29.47%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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