FUKOKU MUTUAL LIFE INSURANCE Co Sells 2,057 Shares of Microsoft Corporation $MSFT

FUKOKU MUTUAL LIFE INSURANCE Co lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,157 shares of the software giant’s stock after selling 2,057 shares during the period. Microsoft makes up 4.9% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 2nd biggest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Microsoft were worth $76,679,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Real Talk Capital LLC increased its stake in Microsoft by 1.6% during the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after buying an additional 37 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Microsoft by 3.8% during the second quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock worth $457,119,000 after acquiring an additional 33,382 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its position in shares of Microsoft by 2.6% during the second quarter. Sound View Wealth Advisors Group LLC now owns 94,120 shares of the software giant’s stock worth $46,816,000 after acquiring an additional 2,373 shares during the last quarter. Modern Wealth Management LLC lifted its stake in shares of Microsoft by 39.3% in the first quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock worth $54,376,000 after acquiring an additional 40,860 shares in the last quarter. Finally, Well Done LLC boosted its holdings in Microsoft by 8.9% in the second quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock valued at $4,930,000 after purchasing an additional 814 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the transaction, the executive vice president owned 55,782 shares in the company, valued at $26,703,959.04. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Judson Althoff sold 12,750 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the sale, the chief executive officer owned 129,349 shares of the company’s stock, valued at $63,577,620.48. This trade represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 54,100 shares of company stock valued at $27,598,872. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $492.02 on Wednesday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a market cap of $3.66 trillion, a PE ratio of 34.99, a P/E/G ratio of 1.84 and a beta of 1.07. The stock has a 50 day simple moving average of $506.30 and a 200-day simple moving average of $502.14. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The firm had revenue of $77.67 billion for the quarter, compared to the consensus estimate of $75.49 billion. During the same quarter in the previous year, the business earned $3.30 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Sanford C. Bernstein upped their target price on Microsoft from $637.00 to $645.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. DZ Bank restated a “buy” rating on shares of Microsoft in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Microsoft in a research note on Wednesday, October 8th. TD Cowen boosted their price objective on Microsoft from $640.00 to $655.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, UBS Group reaffirmed a “buy” rating and set a $650.00 target price on shares of Microsoft in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $632.34.

Microsoft 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.