Dubuque Bank & Trust Co. Sells 7,660 Shares of Microsoft Co. (NASDAQ:MSFT)

Dubuque Bank & Trust Co. lessened its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,572 shares of the software giant’s stock after selling 7,660 shares during the period. Microsoft comprises 2.0% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 10th biggest holding. Dubuque Bank & Trust Co.’s holdings in Microsoft were worth $15,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DGS Capital Management LLC increased its stake in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the period. Altus Wealth Group LLC grew its position in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC grew its position in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its position in shares of Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Microsoft from $295.00 to $337.00 in a report on Wednesday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $305.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Raymond James raised their price objective on shares of Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Microsoft from $310.00 to $340.00 in a report on Wednesday, April 26th. Finally, Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and raised their price target for the company from $260.00 to $325.00 in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.28.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 30,000 shares of the company’s 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 transaction, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,767 shares of company stock worth $13,462,861. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

Shares of MSFT stock opened at $309.46 on Tuesday. The company has a 50 day moving average price of $285.79 and a 200-day moving average price of $259.23. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $313.00. The firm has a market capitalization of $2.30 trillion, a PE ratio of 33.53, a P/E/G ratio of 2.75 and a beta of 0.93. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The firm had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. During the same period in the previous year, the business posted $2.22 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 9.61 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is 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.