Dubuque Bank & Trust Co. Sells 2,292 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Jul 3rd, 2023

Dubuque Bank & Trust Co. cut its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,280 shares of the software giant’s stock after selling 2,292 shares during the period. Microsoft makes up 2.2% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 9th largest position. Dubuque Bank & Trust Co.’s holdings in Microsoft were worth $17,379,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Iron Horse Wealth Management LLC acquired a new position in Microsoft during the fourth quarter valued at approximately $26,000. Monumental Financial Group Inc. acquired a new position in Microsoft during the first quarter valued at approximately $28,000. Retirement Financial Solutions LLC acquired a new position in Microsoft during the fourth quarter valued at approximately $40,000. PayPay Securities Corp purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $54,000. Finally, Macroview Investment Management LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $61,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.6 %

Shares of MSFT stock opened at $340.54 on Monday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $351.47. The firm has a market cap of $2.53 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The stock has a 50 day moving average of $321.74 and a 200-day moving average of $280.55. 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 – Free Report) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 earnings per share. On average, equities analysts predict that Microsoft Co. will post 9.64 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s payout ratio is 29.47%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teri List sold 1,250 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the transaction, the director now owns 874 shares of the company’s stock, valued at $292,588.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,331 shares of company stock worth $15,867,278. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MSFT. 888 reiterated a “maintains” rating on shares of Microsoft in a research note on Wednesday, April 26th. BMO Capital Markets lifted their price objective on shares of Microsoft from $347.00 to $385.00 in a report on Friday, June 9th. Jefferies Financial Group lifted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. UBS Group boosted their price target on shares of Microsoft from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. Finally, Guggenheim boosted their price target on shares of Microsoft from $212.00 to $232.00 and gave the company a “sell” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $333.18.

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.