Duncker Streett & Co. Inc. Sells 719 Shares of Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Duncker Streett & Co. Inc. has reduced its position in Microsoft by 1.5%, yet it remains the firm's largest stock holding at approximately 3.5% of its portfolio, valued at $17.8 million.
• Multiple institutional investors, including Norges Bank and Vanguard Group Inc., have significantly increased their stakes in Microsoft, highlighting strong ongoing interest in the stock.
• Microsoft plans to pay a quarterly dividend of $0.83 on September 11th, reflecting an annualized dividend yield of 0.6% and a payout ratio of 24.34%.

Duncker Streett & Co. Inc. cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,513 shares of the software giant's stock after selling 719 shares during the period. Microsoft accounts for about 3.5% of Duncker Streett & Co. Inc.'s portfolio, making the stock its biggest position. Duncker Streett & Co. Inc.'s holdings in Microsoft were worth $17,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Norges Bank bought a new position in shares of Microsoft during the fourth quarter valued at approximately $44,343,058,000. GAMMA Investing LLC grew its stake in shares of Microsoft by 40,290.4% during the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after buying an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of 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 valued at $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Northern Trust Corp grew its stake in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of Microsoft stock traded down $9.39 on Friday, hitting $524.11. The company's stock had a trading volume of 28,948,527 shares, compared to its average volume of 17,331,950. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.35. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a fifty day moving average price of $489.94 and a 200-day moving average price of $434.88. The company has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same quarter in the previous year, the business earned $2.95 EPS. Microsoft's revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 24.34%.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,743 shares of company stock worth $27,520,933 over the last quarter. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. UBS Group reissued a "buy" rating and issued a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research note on Thursday. Bank of America raised their price objective on Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday. Mizuho raised their price objective on Microsoft from $540.00 to $625.00 and gave the stock an "outperform" rating in a report on Thursday. DA Davidson increased their target price on Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Company 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.