Mitsubishi UFJ Trust & Banking Corp reduced its position in Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,727,869 shares of the software giant’s stock after selling 141,786 shares during the quarter. Microsoft comprises about 3.8% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its largest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in Microsoft were worth $1,572,700,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Check Capital Management Inc. CA increased its stake in shares of Microsoft by 1.2% in the 1st quarter. Check Capital Management Inc. CA now owns 6,487 shares of the software giant’s stock valued at $1,023,000 after purchasing an additional 75 shares during the last quarter. Sander Capital Advisors Inc. grew its position in Microsoft by 0.7% in the first quarter. Sander Capital Advisors Inc. now owns 203,810 shares of the software giant’s stock valued at $32,143,000 after acquiring an additional 1,335 shares during the last quarter. Oxbow Advisors LLC raised its stake in Microsoft by 3.8% during the first quarter. Oxbow Advisors LLC now owns 103,227 shares of the software giant’s stock worth $16,280,000 after acquiring an additional 3,753 shares in the last quarter. Cypress Capital Management LLC WY lifted its holdings in shares of Microsoft by 14.3% in the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after acquiring an additional 95 shares during the last quarter. Finally, J. W. Coons Advisors LLC acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $6,726,000. Institutional investors own 69.93% of the company’s stock.
MSFT has been the subject of several research reports. BidaskClub downgraded shares of Microsoft from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. BMO Capital Markets upped their price target on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. Royal Bank of Canada set a $230.00 price objective on Microsoft and gave the company a “buy” rating in a report on Wednesday, September 2nd. Morgan Stanley upped their target price on Microsoft from $230.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Finally, Bank of America reiterated a “buy” rating and issued a $230.00 target price on shares of Microsoft in a research report on Monday, July 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $216.72.
Shares of MSFT stock opened at $207.82 on Friday. Microsoft Co. has a fifty-two week low of $132.52 and a fifty-two week high of $232.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52. The stock has a 50 day simple moving average of $211.79 and a two-hundred day simple moving average of $189.47. The company has a market cap of $1,572.71 billion, a P/E ratio of 36.14, a PEG ratio of 2.35 and a beta of 0.89.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping the consensus estimate of $1.34 by $0.12. The company had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, research analysts predict that Microsoft Co. will post 6.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.08%. This is a boost from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 18th. Microsoft’s dividend payout ratio (DPR) is presently 35.42%.
In other Microsoft news, EVP Kathleen T. Hogan sold 30,871 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $209.90, for a total value of $6,479,822.90. Following the transaction, the executive vice president now owns 176 shares in the company, valued at $36,942.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total value of $17,451,200.00. Following the completion of the sale, the chief financial officer now directly owns 452,720 shares of the company’s stock, valued at approximately $98,756,340.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,067 shares of company stock valued at $35,247,737. Insiders own 1.39% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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