Capital Advisory Group Advisory Services LLC Has $3.84 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Capital Advisory Group Advisory Services LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,591 shares of the software giant’s stock after acquiring an additional 189 shares during the quarter. Microsoft comprises approximately 1.6% of Capital Advisory Group Advisory Services LLC’s investment portfolio, making the stock its 13th biggest holding. Capital Advisory Group Advisory Services LLC’s holdings in Microsoft were worth $3,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Rebalance LLC raised its position in shares of Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares during the period. Innova Wealth Partners grew its stake in Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after buying an additional 25 shares during the last quarter. Arkansas Financial Group Inc. raised its holdings in Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after acquiring an additional 25 shares during the period. Partnership Wealth Management LLC lifted its position in Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after acquiring an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA boosted its holdings in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $435.27 on Monday. The business’s 50-day moving average price is $420.92 and its 200-day moving average price is $424.33. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 EPS. Equities research analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 25.97%.

Microsoft declared that its board has initiated a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Argus increased their price objective on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. BMO Capital Markets boosted their target price on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. New Street Research initiated coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 in the last three months. Insiders own 0.03% of the company’s stock.

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.