Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 13.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,509 shares of the software giant’s stock after purchasing an additional 8,811 shares during the quarter. Microsoft accounts for approximately 3.4% of Pinnacle Wealth Management Advisory Group LLC’s portfolio, making the stock its 5th largest holding. Pinnacle Wealth Management Advisory Group LLC’s holdings in Microsoft were worth $23,280,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its stake in shares of Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Geode Capital Management LLC grew its stake in Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after acquiring an additional 3,027,306 shares during the period. Norges Bank acquired a new stake in Microsoft in the 4th quarter valued at $24,401,940,000. Nuveen Asset Management LLC grew its stake in Microsoft by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock valued at $19,231,292,000 after acquiring an additional 584,273 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Microsoft by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after acquiring an additional 652,526 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Stock Down 3.9 %
Shares of MSFT opened at $268.09 on Friday. The firm has a market cap of $2.00 trillion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 2.32 and a beta of 0.93. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company’s 50-day moving average price is $269.73 and its 200 day moving average price is $278.30. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the business earned $2.17 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.93%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a research note on Thursday, June 9th. UBS Group set a $330.00 price target on shares of Microsoft in a research note on Monday, June 20th. Redburn Partners initiated coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price on the stock. Finally, Wedbush lowered their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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