Pinnacle Wealth Management Group Inc. Has $6.21 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Pinnacle Wealth Management Group Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,422 shares of the software giant’s stock after selling 43 shares during the quarter. Microsoft accounts for 3.9% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 5th largest position. Pinnacle Wealth Management Group Inc.’s holdings in Microsoft were worth $6,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB bought a new position in shares of Microsoft during the first quarter valued at about $5,587,119,000. Wulff Hansen & CO. boosted its holdings in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after acquiring an additional 4,824,436 shares during the period. Vanguard Group Inc. grew its position in Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after acquiring an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Microsoft by 77.6% in 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 purchasing an additional 2,744,900 shares during the period. Finally, M&G Plc bought a new stake in Microsoft in the first quarter valued at approximately $846,072,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This trade represents a 8.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred 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 directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,431 shares of company stock worth $85,796,688. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $423.46 on Friday. The business has a fifty day moving average price of $420.84 and a 200-day moving average price of $426.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The company has a market capitalization of $3.15 trillion, a PE ratio of 34.94, a PEG ratio of 2.24 and a beta of 0.91. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.99 EPS. As a group, equities analysts expect that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has approved a share repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is 27.39%.

Wall Street Analyst Weigh In

MSFT has been the topic of several analyst reports. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. BMO Capital Markets lowered their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Sanford C. Bernstein cut their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Finally, KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

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.