Mitsubishi UFJ Asset Management Co. Ltd. increases stake in Microsoft Co. (NASDAQ:MSFT)

VaselineAugust 10, 2024

0 5 minutes read

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 15.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,931,721 shares of the software giant’s stock after purchasing an additional 1,613,050 shares during the quarter. Microsoft accounts for 6.9% of Mitsubishi UFJ Asset Management Co.’s investment portfolio. Ltd., making the stock the largest position. The shares held by Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Microsoft were worth $5,019,942,000 at the end of the most recent quarter.

A number of other hedge funds have recently made changes to their positions in the business. Fortis Capital Advisors LLC boosted its holdings in shares of Microsoft by 13.6% in the first quarter. Fortis Capital Advisors LLC now owns 31,881 shares of the software giant’s stock valued at $13,413,000 after purchasing an additional 3,807 shares during the last quarter. Avid Wealth Partners LLC boosted its holdings in Microsoft by 6.5% in the first quarter. Avid Wealth Partners LLC now owns 2,492 shares of the software giant’s stock worth $1,048,000 after purchasing an additional 153 shares during the last quarter. First National Bank of Hutchinson boosted its holdings in Microsoft by 1.0% in the first quarter. First National Bank of Hutchinson now owns 14,485 shares of the software giant’s stock worth $6,094,000 after buying an additional 148 shares during the last quarter. Foundry Partners LLC boosted its holdings in Microsoft by 10.5% in the first quarter. Foundry Partners LLC now owns 2,840 shares of the software giant’s stock worth $1,195,000 after purchasing an additional 270 shares during the last quarter. Finally, Texas Yale Capital Corp. boosted its holdings in Microsoft by 2.5% in the first quarter. Texas Yale Capital Corp. now owns 46,185 shares of the software giant’s stock worth $19,431,000 after buying an additional 1,112 shares in the last quarter. Institutional investors own 71.13% of the company’s shares.

Changes in Analyst Ratings

Several brokerages have recently commented on MSFT. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Raymond James reaffirmed an “outperform” rating and issued a $480.00 target price (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. UBS Group decreased their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, June 17th. Finally, Wells Fargo & Company lifted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. . Two investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $493.06, according to MarketBeat.

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Insider buying and selling at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of shares are currently owned by insiders.

Microsoft stock performance

Shares of Microsoft stock opened at $406.02 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27, and a quick ratio of 1.23. The firm has a market cap of $3.02 trillion, a P/E ratio of 35.15, a P/E/G ratio of 2.11 and a beta of 0.90. The firm has a 50-day simple moving average of $437.21 and a 200-day simple moving average of $421.77. Microsoft Co. it has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. In the same quarter last year, the business posted earnings per share of $2.69. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft dividend announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, August 15. This represents a dividend of $3.00 on an annualized basis and a yield of 0.74%. Microsoft’s payout ratio is currently 25.97%.

Microsoft company profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft viva and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office on-premises licensing, and other office services.