Tokio Marine Asset Management Co. Ltd. Has $150.76 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 350,356 shares of the software giant’s stock after purchasing an additional 12,137 shares during the period. Microsoft makes up 6.6% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Microsoft were worth $150,758,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Metis Global Partners LLC lifted its stake in Microsoft by 2.6% in the third quarter. Metis Global Partners LLC now owns 418,563 shares of the software giant’s stock worth $180,108,000 after purchasing an additional 10,716 shares during the last quarter. Snider Financial Group increased its position in shares of Microsoft by 4.0% in the third quarter. Snider Financial Group now owns 22,726 shares of the software giant’s stock valued at $9,779,000 after acquiring an additional 876 shares during the period. Curi RMB Capital LLC increased its position in shares of Microsoft by 4.1% in the third quarter. Curi RMB Capital LLC now owns 323,613 shares of the software giant’s stock valued at $139,251,000 after acquiring an additional 12,858 shares during the period. Bretton Capital Management LLC purchased a new position in shares of Microsoft in the third quarter valued at about $5,508,000. Finally, Endowment Wealth Management Inc. increased its position in shares of Microsoft by 3.2% in the third quarter. Endowment Wealth Management Inc. now owns 4,731 shares of the software giant’s stock valued at $2,036,000 after acquiring an additional 146 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 1.0 %

Shares of Microsoft stock opened at $429.03 on Monday. The company has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company’s 50 day moving average is $429.32 and its 200 day moving average is $426.37. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 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 during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the prior year, the company earned $2.99 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Research analysts anticipate that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MSFT shares. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. KeyCorp boosted their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, UBS Group boosted their price target on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $512.93.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

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.