Microsoft Co. (NASDAQ:MSFT) Shares Sold by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,110 shares of the software giant’s stock after selling 152 shares during the quarter. Microsoft accounts for about 4.0% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Pinnacle Wealth Management LLC’s holdings in Microsoft were worth $3,178,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares in the last quarter. Swedbank AB acquired a new position in Microsoft during the 1st quarter worth approximately $5,587,119,000. Canada Pension Plan Investment Board lifted its position in Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after buying an additional 2,744,900 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Microsoft during the 1st quarter worth about $989,814,000. Finally, M&G Plc acquired a new position in shares of Microsoft during the 1st quarter worth about $846,072,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $414.71 on Wednesday. Microsoft Co. has a 12-month low of $323.18 and a 12-month high of $468.35. The firm has a market cap of $3.08 trillion, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $417.97 and its 200-day moving average is $424.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. Sell-side analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is currently 28.74%.

Microsoft declared that its board has authorized a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. UBS Group lowered their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Bank of America increased their price target on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. TD Cowen lifted their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, BMO Capital Markets upped their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $493.94.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 190,629 shares of company stock worth $77,916,485. 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.