Dumont & Blake Investment Advisors LLC Sells 30,871 Shares of Microsoft Co. (NASDAQ:MSFT)

Dumont & Blake Investment Advisors LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 50.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,233 shares of the software giant's stock after selling 30,871 shares during the period. Microsoft comprises about 3.5% of Dumont & Blake Investment Advisors LLC's investment portfolio, making the stock its 5th biggest position. Dumont & Blake Investment Advisors LLC's holdings in Microsoft were worth $13,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MSFT. International Assets Investment Management LLC increased its holdings in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock valued at $15,426,767,000 after acquiring an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock valued at $10,768,771,000 after acquiring an additional 1,563,533 shares in the last quarter. Rhumbline Advisers increased its stake in Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant's stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the period. Finally, Swedbank AB raised its position in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MSFT shares. Truist Financial reiterated a "buy" rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Morgan Stanley upped their price target on Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday. Wedbush reiterated an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $508.46.

Microsoft Trading Down 0.1 %

MSFT stock traded down $0.43 during midday trading on Friday, reaching $436.60. The company's stock had a trading volume of 54,224,020 shares, compared to its average volume of 20,730,301. The business's 50-day simple moving average is $427.02 and its 200-day simple moving average is $428.42. The stock has a market cap of $3.25 trillion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the company posted $2.99 earnings per share. The firm's revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft's payout ratio is 27.39%.

Microsoft declared that its Board of Directors has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company's stock, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by company insiders.

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.