Pines Wealth Management LLC Invests $8.16 Million in Microsoft Co. (NASDAQ:MSFT)

Pines Wealth Management LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,468 shares of the software giant’s stock, valued at approximately $8,156,000. Microsoft comprises about 3.6% of Pines Wealth Management LLC’s holdings, making the stock its 3rd largest holding.

Several other large investors also recently bought and sold shares of the business. Accurate Wealth Management LLC boosted its holdings in Microsoft by 5.5% in the fourth quarter. Accurate Wealth Management LLC now owns 24,467 shares of the software giant’s stock worth $10,255,000 after purchasing an additional 1,269 shares during the last quarter. Wynn Capital LLC raised its stake in Microsoft by 0.3% during the 4th quarter. Wynn Capital LLC now owns 12,158 shares of the software giant’s stock valued at $5,125,000 after buying an additional 40 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Microsoft by 1.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 14,655 shares of the software giant’s stock valued at $6,177,000 after buying an additional 277 shares during the period. Safeguard Financial LLC boosted its stake in shares of Microsoft by 4.1% in the 4th quarter. Safeguard Financial LLC now owns 8,427 shares of the software giant’s stock worth $3,552,000 after buying an additional 331 shares during the last quarter. Finally, Capstone Wealth Management Group LLC grew its holdings in shares of Microsoft by 12.2% in the fourth quarter. Capstone Wealth Management Group LLC now owns 7,619 shares of the software giant’s stock worth $3,211,000 after acquiring an additional 828 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSFT. Loop Capital increased their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Mizuho reduced their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now owns 53,852 shares in the company, valued at approximately $23,203,211.24. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,000 shares of company stock valued at $3,493,820 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $408.25 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The business has a 50 day simple moving average of $425.20 and a two-hundred day simple moving average of $423.04. The stock has a market capitalization of $3.03 trillion, a PE ratio of 32.87, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm earned $2.93 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

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.