Investment Advisory Group LLC Purchases 262 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by on Apr 6th, 2023

Investment Advisory Group LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,630 shares of the software giant’s stock after acquiring an additional 262 shares during the quarter. Microsoft makes up approximately 1.4% of Investment Advisory Group LLC’s holdings, making the stock its 18th largest position. Investment Advisory Group LLC’s holdings in Microsoft were worth $2,309,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. DGS Capital Management LLC raised its holdings in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd raised its stake in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC raised its stake in Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after buying an additional 152 shares during the last quarter. Powell Investment Advisors LLC raised its stake in Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its stake in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the last quarter. 69.15% of the stock is owned by institutional investors.

Microsoft Stock Performance

MSFT stock opened at $284.34 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The business has a 50-day moving average price of $263.46 and a 200 day moving average price of $247.60. The company has a market capitalization of $2.12 trillion, a P/E ratio of 31.59, a PEG ratio of 2.65 and a beta of 0.93. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $307.00.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The business had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.96%. Microsoft’s dividend payout ratio is currently 30.22%.

Insider Activity at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the transaction, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total value of $269,380.00. Following the completion of the transaction, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock worth $1,728,111 over the last quarter. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $285.00 target price on shares of Microsoft in a research note on Friday, March 17th. Fundamental Research reduced their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Oppenheimer upped their price objective on Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. Barclays reduced their price objective on Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Finally, The Goldman Sachs Group set a $315.00 price objective on Microsoft in a research note on Wednesday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $289.98.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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