FUKOKU MUTUAL LIFE INSURANCE Co Grows Holdings in Microsoft Corporation $MSFT

FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in Microsoft Corporation (NASDAQ:MSFTFree Report) by 31.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,356 shares of the software giant’s stock after buying an additional 27,495 shares during the quarter. Microsoft makes up about 2.8% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 8th largest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Microsoft were worth $42,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC increased its holdings in shares of Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Bernzott Capital Advisors bought a new position in Microsoft during the fourth quarter valued at approximately $34,000. Timmons Wealth Management LLC purchased a new position in Microsoft during the 4th quarter valued at approximately $36,000. Fairway Wealth LLC grew its holdings in Microsoft by 287.0% during the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after buying an additional 66 shares in the last quarter. Finally, University of Illinois Foundation bought a new stake in Microsoft in the 2nd quarter worth approximately $50,000. Institutional investors own 71.13% of the company’s stock.

Microsoft News Summary

Here are the key news stories impacting Microsoft this week:

Insider Buying and Selling

In related news, CEO Judson Althoff sold 15,500 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the transaction, the chief executive officer directly owned 110,477 shares in the company, valued at approximately $50,928,792.23. This represents a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 4,500 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $402.84, for a total transaction of $1,812,780.00. Following the completion of the sale, the executive vice president directly owned 47,468 shares in the company, valued at $19,122,009.12. This trade represents a 8.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,762 shares of company stock valued at $10,508,361. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.82 on Friday. The business’s 50 day moving average price is $400.28 and its 200-day moving average price is $411.30. Microsoft Corporation has a fifty-two week low of $349.20 and a fifty-two week high of $555.45. The company has a market cap of $2.93 trillion, a P/E ratio of 23.44, a P/E/G ratio of 1.22 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.28.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, topping the consensus estimate of $4.06 by $0.21. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The company had revenue of $82.89 billion during the quarter, compared to analyst estimates of $81.44 billion. During the same period in the previous year, the firm earned $3.46 earnings per share. Microsoft’s quarterly revenue was up 18.3% compared to the same quarter last year. Sell-side analysts predict that Microsoft Corporation will post 16.71 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, August 20th. Microsoft’s dividend payout ratio (DPR) is 21.67%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Tigress Financial upped their price objective on Microsoft from $595.00 to $680.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. DA Davidson restated a “buy” rating and issued a $550.00 price target on shares of Microsoft in a research report on Monday, July 6th. Arete Research upped their price target on shares of Microsoft from $730.00 to $870.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. HSBC lowered their price objective on shares of Microsoft from $593.00 to $571.00 in a research report on Thursday, April 30th. Finally, Wedbush reissued an “outperform” rating and issued a $575.00 price objective on shares of Microsoft in a research note on Wednesday, May 13th. Forty-one equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $557.96.

Check Out Our Latest Analysis on MSFT

Microsoft Company Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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