Microsoft Co. (NASDAQ:MSFT) Stake Increased by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.6% in the third quarter, HoldingsChannel reports. The fund owned 7,431 shares of the software giant’s stock after buying an additional 114 shares during the quarter. Microsoft accounts for 2.1% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Pinnacle Wealth Management LLC’s holdings in Microsoft were worth $1,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the first quarter worth $28,000. Newfound Research LLC increased its position in Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the last quarter. Darrow Company Inc. purchased a new stake in shares of Microsoft during the 2nd quarter worth about $82,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Microsoft during the 3rd quarter valued at about $82,000. Finally, Avondale Wealth Management grew its stake in shares of Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Trading Down 1.6 %

MSFT stock opened at $231.93 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market cap 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. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The business’s 50 day moving average is $241.84 and its 200-day moving average is $250.23.

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

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.17%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Raymond James reduced their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Barclays lowered their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 10th. Guggenheim cut Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target for the company. in a research report on Tuesday. Finally, Mizuho cut their price objective on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $288.33.

Microsoft Company Profile

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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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