Munich Reinsurance Co Stock Corp in Munich Purchases 154,615 Shares of Microsoft Corporation $MSFT

Munich Reinsurance Co Stock Corp in Munich increased its position in Microsoft Corporation (NASDAQ:MSFTFree Report) by 48.4% in the first quarter, Holdings Channel.com reports. The firm owned 474,362 shares of the software giant’s stock after acquiring an additional 154,615 shares during the period. Microsoft comprises approximately 4.3% of Munich Reinsurance Co Stock Corp in Munich’s portfolio, making the stock its 2nd largest holding. Munich Reinsurance Co Stock Corp in Munich’s holdings in Microsoft were worth $175,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Microsoft by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 717,942,580 shares of the software giant’s stock valued at $347,211,391,000 after buying an additional 15,955,898 shares during the period. State Street Corp grew its holdings in Microsoft by 2.1% during the 4th quarter. State Street Corp now owns 306,150,608 shares of the software giant’s stock worth $148,060,557,000 after acquiring an additional 6,388,930 shares during the period. Geode Capital Management LLC grew its holdings in Microsoft by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 182,618,400 shares of the software giant’s stock worth $88,056,019,000 after acquiring an additional 1,911,142 shares during the period. Morgan Stanley raised its position in shares of Microsoft by 0.8% during the 4th quarter. Morgan Stanley now owns 121,220,561 shares of the software giant’s stock valued at $58,624,690,000 after acquiring an additional 980,439 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Microsoft in the 4th quarter valued at $50,664,631,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent research reports. Stifel Nicolaus reduced their price target on Microsoft from $415.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, June 25th. Mizuho dropped their price objective on Microsoft from $515.00 to $490.00 and set an “outperform” rating for the company in a report on Wednesday, July 15th. Truist Financial reissued a “buy” rating and issued a $575.00 target price on shares of Microsoft in a research note on Wednesday. Citizens Jmp assumed coverage on Microsoft in a research report on Monday, June 1st. They set an “outperform” rating and a $550.00 target price for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $646.00 price target on shares of Microsoft in a research note on Wednesday. Forty-three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $556.37.

Read Our Latest Analysis on MSFT

Insider Activity

In other Microsoft news, EVP Takeshi Numoto sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total transaction of $1,812,780.00. Following the sale, the executive vice president directly owned 47,468 shares in the company, valued at approximately $19,122,009.12. This trade represents a 8.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Judson Althoff sold 15,500 shares of Microsoft stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 110,477 shares in the company, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,762 shares of company stock worth $10,508,361 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Trending Headlines about Microsoft

Here are the key news stories impacting Microsoft this week:

Microsoft Price Performance

MSFT opened at $390.34 on Thursday. The stock has a market cap of $2.90 trillion, a P/E ratio of 23.23, a P/E/G ratio of 1.22 and a beta of 1.13. Microsoft Corporation has a 12 month low of $349.20 and a 12 month high of $555.45. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $399.57 and a 200 day simple moving average of $408.91.

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

Microsoft Dividend Announcement

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

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).

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.