Microsoft Co. (NASDAQ:MSFT) is Elo Mutual Pension Insurance Co's 3rd Largest Position

Elo Mutual Pension Insurance Co cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,985 shares of the software giant's stock after selling 20,055 shares during the quarter. Microsoft comprises about 5.8% of Elo Mutual Pension Insurance Co's holdings, making the stock its 3rd biggest holding. Elo Mutual Pension Insurance Co's holdings in Microsoft were worth $274,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC grew its position in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. grew its position in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares during the period. Centric Wealth Management grew its position in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after buying an additional 112 shares during the period. 1900 Wealth Management LLC grew its position in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares during the period. Finally, Strategic Financial Services Inc. grew its position in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after buying an additional 1,268 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ MSFT traded up $0.90 on Wednesday, reaching $463.87. 14,135,414 shares of the stock were exchanged, compared to its average volume of 21,449,429. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The firm has a market capitalization of $3.45 trillion, a PE ratio of 37.35, a PEG ratio of 2.21 and a beta of 1.03. The company's 50-day simple moving average is $411.89 and its two-hundred day simple moving average is $415.62. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the business earned $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president now directly owns 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,743 shares of company stock worth $58,835,683. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSFT shares. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Citigroup increased their price objective on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Barclays increased their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, UBS Group cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $513.13.

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.