Meiji Yasuda Life Insurance Co increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,811 shares of the software giant’s stock after acquiring an additional 984 shares during the quarter. Microsoft comprises 1.1% of Meiji Yasuda Life Insurance Co’s investment portfolio, making the stock its 7th biggest position. Meiji Yasuda Life Insurance Co’s holdings in Microsoft were worth $28,656,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Lincoln National Corp boosted its holdings in Microsoft by 1.8% in the 1st quarter. Lincoln National Corp now owns 132,035 shares of the software giant’s stock valued at $20,823,000 after purchasing an additional 2,371 shares during the last quarter. Girard Partners LTD. boosted its holdings in Microsoft by 3.4% in the 1st quarter. Girard Partners LTD. now owns 104,459 shares of the software giant’s stock valued at $16,474,000 after purchasing an additional 3,394 shares during the last quarter. Keel Point LLC boosted its holdings in Microsoft by 0.9% in the 1st quarter. Keel Point LLC now owns 21,965 shares of the software giant’s stock valued at $3,464,000 after purchasing an additional 187 shares during the last quarter. Markston International LLC boosted its holdings in Microsoft by 0.3% in the 1st quarter. Markston International LLC now owns 361,592 shares of the software giant’s stock valued at $57,027,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Bull Street Advisors LLC boosted its holdings in Microsoft by 47.5% in the 1st quarter. Bull Street Advisors LLC now owns 23,446 shares of the software giant’s stock valued at $3,698,000 after purchasing an additional 7,549 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Shares of Microsoft stock opened at $208.78 on Wednesday. The stock has a market cap of $1,579.97 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.33 and a beta of 0.89. The company has a fifty day simple moving average of $212.36 and a 200-day simple moving average of $187.59. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.50. Microsoft Co. has a 12-month low of $132.52 and a 12-month high of $232.86.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, analysts forecast that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a yield of 1.07%. This is a boost from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio is currently 35.42%.
A number of research firms have recently issued reports on MSFT. UBS Group boosted their price target on shares of Microsoft from $207.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Wednesday, May 20th. BMO Capital Markets boosted their price target on shares of Microsoft from $212.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Citigroup boosted their price target on shares of Microsoft from $179.00 to $216.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley boosted their price target on shares of Microsoft from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Four equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $216.72.
In other Microsoft news, EVP Kathleen T. Hogan sold 30,871 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the completion of the transaction, the executive vice president now owns 176 shares in the company, valued at approximately $36,942.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy Hood sold 80,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the completion of the transaction, the chief financial officer now 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. In the last quarter, insiders have sold 164,067 shares of company stock valued at $35,247,737. 1.39% of the stock is owned by company insiders.
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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