Elo Mutual Pension Insurance Co Has $287.97 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Elo Mutual Pension Insurance Co decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 644,304 shares of the software giant’s stock after selling 840 shares during the period. Microsoft makes up approximately 6.7% of Elo Mutual Pension Insurance Co’s holdings, making the stock its largest holding. Elo Mutual Pension Insurance Co’s holdings in Microsoft were worth $287,972,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Richardson Capital Management LLC raised its position in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Microsoft in the second quarter worth about $75,000. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the period. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Microsoft by 36.8% in the first quarter. Iron Horse Wealth Management LLC now owns 305 shares of the software giant’s stock worth $128,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $408.46 on Tuesday. The firm has a market capitalization of $3.04 trillion, a PE ratio of 33.70, a PEG ratio of 2.14 and a beta of 0.91. Microsoft Co. has a twelve month low of $353.35 and a twelve month high of $468.35. The firm’s 50-day moving average price is $420.59 and its 200 day moving average price is $424.74. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm earned $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 12.98 EPS for the current fiscal year.

Microsoft announced that its board has initiated a stock repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is presently 27.39%.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s 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 transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. KeyCorp boosted their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. Finally, Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

About Microsoft

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.