Peak Retirement Planning Inc. Invests $1.89 Million in Microsoft Corporation (NASDAQ:MSFT)

Peak Retirement Planning Inc. purchased a new position in Microsoft Corporation (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,466 shares of the software giant’s stock, valued at approximately $1,890,000. Microsoft comprises about 1.3% of Peak Retirement Planning Inc.’s investment portfolio, making the stock its 20th biggest holding.

Several other large investors have also recently modified their holdings of the stock. Drucker Wealth 3.0 LLC raised its position in shares of Microsoft by 0.9% in the 4th quarter. Drucker Wealth 3.0 LLC now owns 20,550 shares of the software giant’s stock worth $8,662,000 after purchasing an additional 180 shares during the last quarter. Wormser Freres Gestion raised its position in shares of Microsoft by 82.5% in the 4th quarter. Wormser Freres Gestion now owns 18,412 shares of the software giant’s stock worth $7,863,000 after purchasing an additional 8,322 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Microsoft in the 4th quarter worth about $6,734,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the 4th quarter worth about $31,000. Finally, Jupiter Wealth Management LLC raised its position in shares of Microsoft by 1.1% in the 4th quarter. Jupiter Wealth Management LLC now owns 35,618 shares of the software giant’s stock worth $15,013,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the transaction, the executive vice president now owns 47,058 shares of the company’s stock, valued at $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by company insiders.

Microsoft Trading Up 0.5%

Shares of NASDAQ:MSFT opened at $480.24 on Thursday. The stock has a 50 day moving average of $434.09 and a 200 day moving average of $419.74. The company has a market cap 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. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $481.00.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 EPS. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSFT shares. UBS Group lowered their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wedbush reissued an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Benchmark reissued a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. BMO Capital Markets reissued an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, TD Securities boosted their target price on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $515.68.

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.