Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 7,431 shares of the software giant’s stock after purchasing an additional 114 shares during the period. Microsoft makes up about 2.1% of Pinnacle Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Pinnacle Wealth Management LLC’s holdings in Microsoft were worth $1,731,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. DGS Capital Management LLC grew its stake in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd boosted its position in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC increased its holdings in Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC raised its position in Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its stake in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on MSFT. Deutsche Bank Aktiengesellschaft lowered their target price on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Macquarie started coverage on shares of Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective on the stock. Guggenheim downgraded shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a research note on Tuesday. Cowen dropped their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.33.

Microsoft Trading Down 1.6 %

NASDAQ:MSFT opened at $231.93 on Friday. The firm has a market capitalization of $1.73 trillion, a P/E ratio of 24.99, a P/E/G ratio of 2.35 and a beta of 0.94. The business has a 50 day simple moving average of $241.84 and a 200 day simple moving average of $250.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio is currently 29.31%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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