Community Trust Dumps 13,000 Microsoft Shares in Q2

Core Viewpoint - Community Trust & Investment Co has reduced its position in Microsoft by selling shares worth $5.79 million, reflecting a strategic adjustment in its investment portfolio [1][2]. Company Overview - Microsoft Corporation reported a trailing twelve months (TTM) revenue of $270.01 billion and a net income of $96.6 billion, with a current stock price of $501.48 [4]. - The company operates in various sectors including software, cloud services, business solutions, gaming, and hardware devices, generating revenue through software licensing, cloud subscriptions, enterprise services, device sales, and advertising [4][5]. Financial Performance - Microsoft has experienced double-digit growth in revenue and net income for the past five quarters, with the exception of Q2 2024, which saw a 9.7% growth in net income [7]. - The cloud computing segment has been a significant driver of growth, reporting a 22% increase in the last quarter [7]. - The company has a dividend yield of 0.65% and a forward P/E ratio of 37.44 as of July 10, 2025 [3][4]. Investment Position - Following the recent sale, Microsoft's portfolio weight in Community Trust & Investment Co's assets under management (AUM) decreased to 6.45% as of June 30, 2025 [3]. - After the transaction, the fund held 224,197 shares of Microsoft, valued at $111.52 million [2][3]. Strategic Focus - Microsoft is heavily investing in AI-related cloud infrastructure, with projected spending of approximately $80 billion for 2025 [7]. - The company maintains a strong competitive position through its broad product suite and recurring revenue streams, particularly in cloud computing and enterprise solutions [5].