Microsoft Co. (NASDAQ:MSFT) is Pinnacle Bancorp Inc.’s 3rd Largest Position

Pinnacle Bancorp Inc. trimmed its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 24,336 shares of the software giant’s stock after selling 242 shares during the quarter. Microsoft accounts for 2.4% of Pinnacle Bancorp Inc.’s portfolio, making the stock its 3rd biggest position. Pinnacle Bancorp Inc.’s holdings in Microsoft were worth $5,668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aaron Wealth Advisors LLC lifted its position in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares during the period. Vanguard Group Inc. lifted its position in Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares during the period. Bishop Rock Capital L.P. lifted its position in Microsoft by 11,434.2% during the 2nd quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock valued at $21,263,000 after acquiring an additional 5,413,630 shares during the period. Renaissance Technologies LLC purchased a new position in Microsoft during the 2nd quarter valued at about $981,125,000. Finally, Swiss National Bank lifted its position in Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after acquiring an additional 3,757,500 shares during the period. 69.15% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $240.22 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The firm has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The firm has a 50 day moving average of $241.70 and a 200 day moving average of $249.89.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 9.51 earnings per share for the current 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 of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the company’s 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 directly owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent research reports. Guggenheim cut shares of 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, January 17th. UBS Group set a $250.00 price objective on shares of Microsoft in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Mizuho reduced their price objective on shares of Microsoft from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Friday. Finally, 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. One investment 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 a consensus target price of $287.88.

About Microsoft

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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