Investment Advisory Services Inc. TX ADV Sells 5,368 Shares of Microsoft Corporation (NASDAQ:MSFT)

Investment Advisory Services Inc. TX ADV trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,655 shares of the software giant's stock after selling 5,368 shares during the period. Microsoft accounts for 5.4% of Investment Advisory Services Inc. TX ADV's portfolio, making the stock its 4th biggest position. Investment Advisory Services Inc. TX ADV's holdings in Microsoft were worth $14,886,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MSFT. Bank of Stockton grew its position in Microsoft by 0.3% in the 1st quarter. Bank of Stockton now owns 17,309 shares of the software giant's stock valued at $6,498,000 after buying an additional 48 shares in the last quarter. MFG Wealth Management Inc. grew its position in Microsoft by 0.6% in the 1st quarter. MFG Wealth Management Inc. now owns 5,395 shares of the software giant's stock valued at $2,025,000 after buying an additional 32 shares in the last quarter. Atala Financial Inc grew its position in Microsoft by 4.5% in the 1st quarter. Atala Financial Inc now owns 9,700 shares of the software giant's stock valued at $3,645,000 after buying an additional 420 shares in the last quarter. Beech Hill Advisors Inc. grew its position in Microsoft by 7.8% in the 1st quarter. Beech Hill Advisors Inc. now owns 16,800 shares of the software giant's stock valued at $6,307,000 after buying an additional 1,213 shares in the last quarter. Finally, KG&L Capital Management LLC grew its position in Microsoft by 15.8% in the 1st quarter. KG&L Capital Management LLC now owns 27,959 shares of the software giant's stock valued at $10,494,000 after buying an additional 3,817 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.8%

MSFT opened at $520.84 on Friday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm's fifty day moving average price is $495.59 and its two-hundred day moving average price is $437.64. The company has a market capitalization of $3.87 trillion, a P/E ratio of 38.18, a P/E/G ratio of 2.30 and a beta of 1.06.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,743 shares of company stock valued at $24,921,913 in the last ninety days. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Microsoft from $600.00 to $650.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group raised their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. UBS Group restated a "buy" rating and set a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Finally, Morgan Stanley raised their price objective on shares of Microsoft from $530.00 to $582.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

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.

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