Pinnacle Wealth Planning Services Inc. Grows Stock Holdings in Microsoft Corporation $MSFT

Pinnacle Wealth Planning Services Inc. grew its position in Microsoft Corporation (NASDAQ:MSFT) by 14.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,623 shares of the software giant’s stock after buying an additional 4,750 shares during the quarter. Microsoft accounts for about 2.5% of Pinnacle Wealth Planning Services Inc.’s portfolio, making the stock its 6th largest holding. Pinnacle Wealth Planning Services Inc.’s holdings in Microsoft were worth $19,212,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC boosted its stake in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. grew its holdings in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Eagle Capital Management LLC increased its position in Microsoft by 0.4% during the 4th quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock worth $9,735,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Cowen restated a “buy” rating on shares of Microsoft in a research report on Friday, October 24th. Evercore ISI set a $640.00 price objective on Microsoft in a report on Thursday, October 30th. KeyCorp restated an “overweight” rating on shares of Microsoft in a research report on Thursday, October 30th. Wolfe Research set a $675.00 target price on Microsoft and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, Barclays reissued an “overweight” rating and set a $625.00 price target on shares of Microsoft in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $632.34.

Microsoft Trading Up 0.5%

NASDAQ MSFT opened at $483.16 on Monday. The firm has a market capitalization of $3.59 trillion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The business’s 50-day moving average price is $507.29 and its two-hundred day moving average price is $501.59. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. The company had revenue of $77.67 billion during the quarter, compared to the consensus estimate of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $3.30 earnings per share. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.91 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Microsoft’s payout ratio is 25.89%.

Insider Activity

In related news, CEO Judson Althoff sold 12,750 shares of Microsoft stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the completion of the transaction, the chief executive officer owned 129,349 shares of the company’s stock, valued at $63,577,620.48. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 38,500 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the sale, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. This trade represents a 7.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is currently owned by 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.