Microsoft Co. (NASDAQ:MSFT) is Pinnacle Wealth Management Advisory Group LLC’s 5th Largest Position

Pinnacle Wealth Management Advisory Group LLC reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,593 shares of the software giant’s stock after selling 919 shares during the quarter. Microsoft makes up about 3.1% of Pinnacle Wealth Management Advisory Group LLC’s holdings, making the stock its 5th largest position. Pinnacle Wealth Management Advisory Group LLC’s holdings in Microsoft were worth $20,527,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Iron Horse Wealth Management LLC bought a new stake in Microsoft during the fourth quarter worth about $26,000. Monumental Financial Group Inc. purchased a new position in Microsoft during the 1st quarter valued at about $28,000. Hanseatic Management Services Inc. grew its holdings in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after acquiring an additional 55 shares during the period. Retirement Financial Solutions LLC purchased a new position in shares of Microsoft during the 4th quarter worth approximately $40,000. Finally, PayPay Securities Corp bought a new stake in shares of Microsoft in the 4th quarter worth approximately $54,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wedbush boosted their price target on Microsoft from $325.00 to $340.00 in a research report on Thursday, May 11th. DA Davidson upped their price objective on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Royal Bank of Canada upped their price objective on Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Bank of America upped their price objective on Microsoft from $320.00 to $340.00 in a research report on Wednesday, April 26th. Finally, BNP Paribas cut Microsoft from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $310.00 to $300.00 in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $323.28.

Microsoft Price Performance

NASDAQ:MSFT opened at $315.26 on Wednesday. Microsoft Co. has a one year low of $213.43 and a one year high of $322.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The firm has a market cap of $2.34 trillion, a price-to-earnings ratio of 34.16, a PEG ratio of 2.83 and a beta of 0.93. The firm’s fifty day moving average is $293.30 and its two-hundred day moving average is $263.09.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. During the same period in the prior year, the company earned $2.22 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s payout ratio is currently 29.47%.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the completion of the transaction, the chief marketing officer now owns 89,328 shares in the company, valued at approximately $28,305,363.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 5,081 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total value of $1,588,015.74. Following the completion of the sale, the chief marketing officer now owns 94,328 shares in the company, valued at approximately $29,481,273.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the completion of the sale, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The disclosure for this sale can be found here. Insiders have sold a total of 54,848 shares of company stock valued at $16,635,227 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.