Peak Retirement Planning Inc. Acquires New Stake in Microsoft Corporation (NASDAQ:MSFT)

Peak Retirement Planning Inc. bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,466 shares of the software giant's stock, valued at approximately $1,890,000. Microsoft makes up about 1.3% of Peak Retirement Planning Inc.'s investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds have also added to or reduced their stakes in MSFT. WFA Asset Management Corp boosted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position 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 buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its position 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 buying 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, ORG Wealth Partners LLC grew its holdings in shares of Microsoft by 5.6% during the 4th quarter. ORG Wealth Partners LLC now owns 6,509 shares of the software giant's stock valued at $2,744,000 after purchasing an additional 347 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.5%

MSFT stock opened at $480.24 on Thursday. The company has a market capitalization of $3.57 trillion, a PE ratio of 37.11, a price-to-earnings-growth 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 $481.00. The company's 50 day moving average price is $434.09 and its two-hundred day moving average price is $419.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

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

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 25.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Piper Sandler restated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, Scotiabank increased their target price on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $515.68.

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft 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 sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. Corporate insiders own 0.03% of the company's stock.

About Microsoft

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.

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