Dumont & Blake Investment Advisors LLC Purchases 223 Shares of Microsoft Co. (NASDAQ:MSFT)

Dumont & Blake Investment Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,466 shares of the software giant’s stock after purchasing an additional 223 shares during the period. Microsoft makes up approximately 3.2% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 5th biggest position. Dumont & Blake Investment Advisors LLC’s holdings in Microsoft were worth $11,551,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank acquired a new position in shares of Microsoft during the fourth quarter valued at about $24,401,940,000. Nuveen Asset Management LLC raised its holdings in shares of Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after purchasing an additional 584,273 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Microsoft by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after purchasing an additional 652,526 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MSFT shares. Wedbush dropped their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a research report on Thursday, May 19th. Mizuho decreased their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Redburn Partners began coverage on shares of Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price for the company. Finally, Citigroup decreased their target price on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $334.80.

Microsoft Stock Down 1.0 %

MSFT opened at $278.01 on Tuesday. The stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.36 and a beta of 0.93. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $261.71 and its two-hundred day moving average price is $280.85. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the firm earned $2.17 EPS. As a group, equities analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.73%.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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