MU Investments Co. Ltd. Has $3.07 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

MU Investments Co. Ltd. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,790 shares of the software giant’s stock after selling 640 shares during the period. Microsoft comprises 4.1% of MU Investments Co. Ltd.’s holdings, making the stock its 12th largest holding. MU Investments Co. Ltd.’s holdings in Microsoft were worth $3,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Pittenger & Anderson Inc. grew its position in shares of Microsoft by 1.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 125,128 shares of the software giant’s stock worth $42,083,000 after purchasing an additional 1,498 shares in the last quarter. Prosperity Consulting Group LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $3,172,000. Pictet Asset Management SA lifted its holdings in shares of Microsoft by 5.1% during the 4th quarter. Pictet Asset Management SA now owns 5,022,280 shares of the software giant’s stock worth $1,689,093,000 after acquiring an additional 242,369 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Microsoft during the 4th quarter worth approximately $1,758,000. Finally, Confluence Wealth Services Inc. bought a new stake in shares of Microsoft during the 4th quarter worth approximately $16,911,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MSFT. Fundamental Research reaffirmed a “hold” rating and set a $280.50 price target on shares of Microsoft in a report on Wednesday, August 3rd. Itau BBA Securities began coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Mizuho dropped their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Jefferies Financial Group set a $320.00 price objective on shares of Microsoft in a research note on Tuesday, September 6th. Finally, Citigroup dropped their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $332.77.

Microsoft Trading Down 1.3 %

NASDAQ:MSFT opened at $237.92 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.01 and a beta of 0.94. The firm has a fifty day simple moving average of $267.27 and a two-hundred day simple moving average of $272.39. Microsoft Co. has a 12 month low of $235.20 and a 12 month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The company had revenue of $51.87 billion during the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the previous year, the business posted $2.17 earnings per share. Analysts expect that Microsoft Co. will post 10.15 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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