Pinnacle Wealth Management Advisory Group LLC Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Pinnacle Wealth Management Advisory Group LLC increased its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,451 shares of the software giant’s stock after acquiring an additional 435 shares during the quarter. Microsoft accounts for approximately 3.9% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 3rd largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Microsoft were worth $33,637,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MSFT. Friedenthal Financial bought a new position in shares of Microsoft in the fourth quarter valued at $45,000. PayPay Securities Corp raised its holdings in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the last quarter. Kathleen S. Wright Associates Inc. lifted its position in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after acquiring an additional 143 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Microsoft during the 3rd quarter valued at about $87,000. Finally, Cordant Inc. boosted its position in shares of Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $416.07 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $433.60. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 2.19 and a beta of 0.89. The stock’s 50-day moving average is $416.01 and its 200-day moving average is $401.76.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS. Equities analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 47,521 shares of company stock valued at $19,746,476 in the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSFT. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price target on shares of Microsoft in a report on Monday, April 22nd. Piper Sandler restated an “overweight” rating and set a $465.00 price target (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Evercore ISI lifted their price objective on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Sanford C. Bernstein increased their target price on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $457.91.

Check Out Our Latest Analysis on MSFT

Microsoft Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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