Microsoft Corporation (MSFT) is Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s 2nd Largest Position
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,509,190 shares of the software giant’s stock after selling 51,014 shares during the period. Microsoft Corporation makes up about 2.6% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 2nd biggest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Microsoft Corporation were worth $104,028,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Hefty Wealth Partners boosted its stake in shares of Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation in the 1st quarter worth $132,000. Opera Trading Capital raised its holdings in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the period. Baystate Wealth Management LLC raised its holdings in Microsoft Corporation by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after purchasing an additional 374 shares during the period. Finally, Ruggie Capital Group raised its holdings in Microsoft Corporation by 1,165.9% in the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after purchasing an additional 2,600 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.
MSFT has been the topic of a number of recent research reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 target price (up from $86.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Atlantic Securities set a $83.00 target price on Microsoft Corporation and gave the stock a “neutral” rating in a report on Friday, October 27th. UBS Group AG set a $105.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 target price (up from $82.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation presently has a consensus rating of “Buy” and an average target price of $84.21.
In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft Corporation stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders sold 108,763 shares of company stock worth $8,242,232 over the last ninety days. Insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $83.11 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $641,159.63, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. Microsoft Corporation has a twelve month low of $58.80 and a twelve month high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 57.14%.
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Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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