Pinnacle Wealth Planning Services Inc. Has $13.88 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Pinnacle Wealth Planning Services Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,930 shares of the software giant's stock after selling 10,685 shares during the period. Microsoft accounts for approximately 2.1% of Pinnacle Wealth Planning Services Inc.'s holdings, making the stock its 8th biggest holding. Pinnacle Wealth Planning Services Inc.'s holdings in Microsoft were worth $13,880,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC raised its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares in the last quarter. LSV Asset Management purchased a new position in Microsoft during the fourth quarter valued at $44,000. Finally, Fairway Wealth LLC purchased a new position in Microsoft during the fourth quarter valued at $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MSFT shares. Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Citigroup upped their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Cantor Fitzgerald boosted their price target on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Microsoft Stock Performance

MSFT traded down $2.84 during trading on Friday, hitting $477.40. The company's stock had a trading volume of 37,241,095 shares, compared to its average volume of 21,515,262. The business's 50 day simple moving average is $437.84 and its 200-day simple moving average is $420.40. The firm has a market cap of $3.55 trillion, a PE ratio of 36.89, a P/E/G ratio of 2.43 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $483.46. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.94 EPS. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Transactions at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft 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.