Microsoft Co. (NASDAQ:MSFT) is Capital Investment Advisors LLC’s 7th Largest Position

Capital Investment Advisors LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,246 shares of the software giant’s stock after buying an additional 9,944 shares during the quarter. Microsoft makes up approximately 1.9% of Capital Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. Capital Investment Advisors LLC’s holdings in Microsoft were worth $83,690,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norway Savings Bank raised its holdings in shares of Microsoft by 7.0% in the 2nd quarter. Norway Savings Bank now owns 16,527 shares of the software giant’s stock valued at $7,387,000 after acquiring an additional 1,082 shares in the last quarter. Rebalance LLC raised its stake in 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 in the last quarter. City Holding Co. lifted its position in Microsoft by 1.1% during the second quarter. City Holding Co. now owns 58,215 shares of the software giant’s stock valued at $26,019,000 after purchasing an additional 661 shares during the last quarter. Accel Wealth Management grew its stake in Microsoft by 32.5% in the 2nd quarter. Accel Wealth Management now owns 9,339 shares of the software giant’s stock worth $4,174,000 after buying an additional 2,292 shares in the last quarter. Finally, Bath Savings Trust Co increased its holdings in shares of Microsoft by 0.7% in the 2nd quarter. Bath Savings Trust Co now owns 93,394 shares of the software giant’s stock worth $41,742,000 after buying an additional 604 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 1.0 %

MSFT stock opened at $417.14 on Tuesday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a market capitalization of $3.10 trillion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The business’s 50 day moving average price is $431.08 and its two-hundred day moving average price is $422.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. As a group, analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Piper Sandler reiterated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley reduced their price objective on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup dropped their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Macquarie increased their price target on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

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.