Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,701,162 shares of the software giant’s stock after acquiring an additional 320,211 shares during the period. Microsoft accounts for 5.3% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 2nd biggest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Microsoft were worth $1,207,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. increased its position in Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after buying an additional 79 shares in the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the first quarter valued at $28,000. Newfound Research LLC grew its position in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. purchased a new stake in shares of Microsoft in the second quarter valued at $82,000. Finally, Evolution Advisers Inc. grew its position in shares of Microsoft by 36.4% in the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after purchasing an additional 91 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.2 %

NASDAQ:MSFT opened at $245.03 on Wednesday. The firm has a market capitalization of $1.83 trillion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The stock has a 50 day moving average of $237.22 and a 200-day moving average of $255.68. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $344.30. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. Analysts predict that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.11%. Microsoft’s payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price objective on Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Itaú Unibanco initiated coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective for the company. UBS Group set a $300.00 price objective on Microsoft in a research report on Monday. Wedbush reduced their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Guggenheim began coverage on Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Microsoft Profile

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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