Dunhill Financial LLC Sells 1,869 Shares of Microsoft Corporation (NASDAQ:MSFT)

Dunhill Financial LLC cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 18.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,170 shares of the software giant's stock after selling 1,869 shares during the quarter. Microsoft accounts for about 1.3% of Dunhill Financial LLC's portfolio, making the stock its 15th largest position. Dunhill Financial LLC's holdings in Microsoft were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newton One Investments LLC grew its holdings in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter worth approximately $31,000. LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter worth approximately $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter worth approximately $62,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Stock Down 0.2%

MSFT traded down $1.21 during trading on Monday, hitting $512.50. 14,290,681 shares of the company's stock were exchanged, compared to its average volume of 15,824,139. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $484.59 and its two-hundred day moving average is $432.22. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $518.29. The stock has a market cap of $3.81 trillion, a P/E ratio of 39.61, a PEG ratio of 2.33 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Cantor Fitzgerald restated an "overweight" rating and issued a $581.00 price target (up previously from $512.00) on shares of Microsoft in a research report on Wednesday, July 16th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Raymond James Financial boosted their price target on shares of Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $555.86.

Microsoft Profile

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.