Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,930 shares of the software giant’s stock after selling 10,685 shares during the period. Microsoft makes up 2.1% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 8th biggest position. Pinnacle Wealth Planning Services Inc.’s holdings in Microsoft were worth $13,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Yoffe Investment Management LLC acquired a new position in shares of Microsoft during the 4th quarter worth approximately $1,770,000. LifeWealth Investments LLC acquired a new position in shares of Microsoft during the 4th quarter worth $2,815,000. Capital A Wealth Management LLC acquired a new position in Microsoft in the 4th quarter worth about $1,469,000. Financial Advisory Corp acquired a new position in Microsoft in the 4th quarter worth about $457,000. Finally, Discipline Wealth Solutions LLC grew its position in shares of Microsoft by 1.6% in the 4th quarter. Discipline Wealth Solutions LLC now owns 2,701 shares of the software giant’s stock valued at $1,138,000 after buying an additional 42 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 $477.40 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.55 trillion, a P/E ratio of 36.89, a PEG ratio of 2.44 and a beta of 1.03. The stock’s 50 day moving average is $437.84 and its 200 day moving average is $420.47. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $483.46.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.94 EPS. On average, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft’s dividend payout ratio is currently 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Wedbush restated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 price target on Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $515.68.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president now directly owns 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by company insiders.

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.