Pinnacle Wealth Management LLC Acquires 148 Shares of Microsoft Co. (NASDAQ:MSFT)

Pinnacle Wealth Management LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,918 shares of the software giant’s stock after acquiring an additional 148 shares during the period. Microsoft makes up 3.4% of Pinnacle Wealth Management LLC’s holdings, making the stock its 13th largest position. Pinnacle Wealth Management LLC’s holdings in Microsoft were worth $2,977,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MSFT. Lodestone Wealth Management LLC increased its stake in Microsoft by 0.5% in the third quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after purchasing an additional 68 shares in the last quarter. Caliber Wealth Management LLC grew its holdings in shares of Microsoft by 3.7% in the 3rd quarter. Caliber Wealth Management LLC now owns 8,888 shares of the software giant’s stock valued at $2,806,000 after buying an additional 316 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Microsoft by 1.3% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 65,525 shares of the software giant’s stock valued at $20,689,000 after buying an additional 844 shares in the last quarter. McGuire Investment Group LLC lifted its holdings in Microsoft by 3.8% during the third quarter. McGuire Investment Group LLC now owns 52,388 shares of the software giant’s stock worth $16,541,000 after acquiring an additional 1,922 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of Microsoft in the third quarter worth about $188,066,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research report on Thursday, January 18th. The Goldman Sachs Group increased their price objective on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday. Sanford C. Bernstein raised their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, UBS Group reiterated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Microsoft Stock Performance

NASDAQ MSFT opened at $406.32 on Friday. Microsoft Co. has a 52-week low of $295.25 and a 52-week high of $430.82. The stock has a market cap of $3.02 trillion, a PE ratio of 36.74, a P/E/G ratio of 2.22 and a beta of 0.89. The firm has a 50-day moving average of $414.48 and a 200-day moving average of $387.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is currently owned by corporate 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.