Microsoft Co. (NASDAQ:MSFT) Stock Holdings Decreased by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 50.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,233 shares of the software giant’s stock after selling 30,871 shares during the period. Microsoft accounts for approximately 3.5% 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 $13,009,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its stake in Microsoft by 48,526.1% during the third 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 acquiring an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after purchasing an additional 1,563,533 shares during the last quarter. Rhumbline Advisers boosted its stake in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after buying an additional 45,220 shares during the last quarter. Finally, Swedbank AB grew its holdings in Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on MSFT shares. Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Citigroup dropped their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $508.46.

Microsoft Stock Down 0.1 %

Shares of NASDAQ MSFT opened at $436.60 on Friday. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The firm has a market capitalization of $3.25 trillion, a price-to-earnings ratio of 36.02, a PEG ratio of 2.37 and a beta of 0.90. The stock has a 50 day moving average price of $427.02 and a 200 day moving average price of $428.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.99 EPS. Sell-side analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its board has approved a stock buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

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.