Capital Asset Advisory Services LLC Purchases 3,978 Shares of Microsoft Co. (NASDAQ:MSFT)

Capital Asset Advisory Services LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 56,912 shares of the software giant’s stock after purchasing an additional 3,978 shares during the quarter. Microsoft accounts for about 1.2% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 24th largest position. Capital Asset Advisory Services LLC’s holdings in Microsoft were worth $24,094,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MSFT. BCK Partners Inc. increased its position in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares in the last quarter. Global Wealth Strategies & Associates increased its holdings in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after acquiring an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc raised its position in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the period. Sequent Asset Management LLC lifted its holdings in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC increased its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MSFT shares. UBS Group dropped their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.43.

Microsoft Stock Performance

MSFT stock opened at $388.70 on Tuesday. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 2.21 and a beta of 0.92. The firm has a 50 day moving average of $411.64 and a two-hundred day moving average of $420.49. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the company posted $2.93 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

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.