Dumont & Blake Investment Advisors LLC Sells 214 Shares of Microsoft Corporation (NASDAQ:MSFT)

Dumont & Blake Investment Advisors LLC lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,781 shares of the software giant’s stock after selling 214 shares during the quarter. Microsoft makes up approximately 3.1% of Dumont & Blake Investment Advisors LLC’s investment portfolio, making the stock its 5th largest position. Dumont & Blake Investment Advisors LLC’s holdings in Microsoft were worth $11,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at about $44,343,058,000. GAMMA Investing LLC grew its holdings in Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after purchasing an additional 46,579,693 shares during the period. Proficio Capital Partners LLC grew its holdings in Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares during the period. Northern Trust Corp grew its holdings in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America reduced their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Scotiabank lifted their price target on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 1st. Finally, Wedbush lifted their price target on Microsoft from $515.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $521.14.

Microsoft Trading Up 1.1%

Shares of MSFT stock opened at $497.45 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.70 trillion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03. The stock has a 50 day simple moving average of $446.90 and a 200 day simple moving average of $421.75. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $498.04.

Microsoft (NASDAQ:MSFT) last issued 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. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.94 earnings per share. On average, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

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.