FUKOKU MUTUAL LIFE INSURANCE Co decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,440 shares of the software giant’s stock after selling 7,940 shares during the period. Microsoft accounts for about 2.5% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 12th biggest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Microsoft were worth $24,119,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MSFT. Morgan Stanley boosted its holdings in Microsoft by 2.1% in the third quarter. Morgan Stanley now owns 60,234,432 shares of the software giant’s stock worth $12,669,109,000 after acquiring an additional 1,231,345 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Microsoft by 33.0% in the third quarter. UBS Asset Management Americas Inc. now owns 53,535,518 shares of the software giant’s stock worth $11,260,125,000 after acquiring an additional 13,273,020 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Microsoft by 6.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 40,937,785 shares of the software giant’s stock worth $8,610,443,000 after acquiring an additional 2,427,846 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Microsoft by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 38,706,713 shares of the software giant’s stock worth $8,141,183,000 after acquiring an additional 195,481 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Microsoft by 2.4% in the third quarter. Fisher Asset Management LLC now owns 22,367,105 shares of the software giant’s stock worth $4,704,473,000 after purchasing an additional 514,003 shares during the last quarter. Institutional investors own 69.01% of the company’s stock.
Shares of MSFT opened at $243.00 on Thursday. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $222.41 and its 200-day moving average price is $214.53. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $245.09. The stock has a market cap of $1.83 trillion, a P/E ratio of 39.26, a P/E/G ratio of 2.44 and a beta of 0.83.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.39. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The company had revenue of $43.08 billion during the quarter, compared to analyst estimates of $40.23 billion. During the same period in the previous year, the business earned $1.51 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 6.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 11th. Shareholders of record on Thursday, February 18th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, February 17th. This represents a $2.24 dividend on an annualized basis and a yield of 0.92%. Microsoft’s dividend payout ratio is presently 38.89%.
Several brokerages have weighed in on MSFT. UBS Group increased their price objective on Microsoft from $243.00 to $267.00 and gave the company a “buy” rating in a report on Wednesday, January 27th. The Goldman Sachs Group increased their price objective on Microsoft from $285.00 to $315.00 in a report on Wednesday, January 27th. Raymond James raised their price target on Microsoft from $235.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Wednesday, January 27th. Evercore ISI raised their price target on Microsoft from $260.00 to $300.00 in a report on Wednesday, January 27th. Finally, Pritchard Capital raised their price target on Microsoft from $272.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday, January 27th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $267.37.
In other news, EVP Jean Philippe Courtois sold 18,358 shares of the company’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the sale, the executive vice president now directly owns 593,915 shares in the company, valued at approximately $142,302,034. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 30,000 shares of the company’s stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $212.43, for a total value of $6,372,900.00. Following the completion of the sale, the executive vice president now owns 189,064 shares of the company’s stock, valued at $40,162,865.52. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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