Microsoft Co. (NASDAQ:MSFT) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 303,566 shares of the software giant’s stock after purchasing an additional 14,011 shares during the quarter. Microsoft comprises 4.5% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Microsoft were worth $135,679,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares in the last quarter. Capital International Investors boosted its position in Microsoft by 1.0% in the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Microsoft by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock valued at $9,544,532,000 after buying an additional 403,409 shares during the last quarter. Swedbank AB lifted its position in shares of Microsoft by 2.7% during the 2nd quarter. Swedbank AB now owns 13,640,068 shares of the software giant’s stock valued at $6,096,428,000 after buying an additional 360,171 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Microsoft by 15.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,931,721 shares of the software giant’s stock valued at $5,019,942,000 after buying an additional 1,613,050 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.1 %

Microsoft stock opened at $416.32 on Monday. The firm has a market cap of $3.09 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.22 and a beta of 0.90. The stock has a fifty day simple moving average of $417.92 and a two-hundred day simple moving average of $424.68. Microsoft Co. has a 12 month low of $324.39 and a 12 month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. Equities analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s payout ratio is 25.40%.

Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. Bank of America boosted their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $493.47.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Company Profile

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 licensed on-premises, and other office services.