Sompo Asset Management Co. Ltd. Has $32.84 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Sompo Asset Management Co. Ltd. cut its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,471 shares of the software giant’s stock after selling 4,245 shares during the quarter. Microsoft comprises 5.5% of Sompo Asset Management Co. Ltd.’s holdings, making the stock its 3rd biggest position. Sompo Asset Management Co. Ltd.’s holdings in Microsoft were worth $32,838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Gradient Capital Advisors LLC lifted its stake in Microsoft by 2.8% during the first quarter. Gradient Capital Advisors LLC now owns 15,272 shares of the software giant’s stock valued at $6,425,000 after purchasing an additional 413 shares during the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of Microsoft by 5.5% during the first quarter. Red Door Wealth Management LLC now owns 49,742 shares of the software giant’s stock valued at $20,928,000 after purchasing an additional 2,579 shares during the last quarter. Trilogy Capital Inc. boosted its position in shares of Microsoft by 20.7% in the 1st quarter. Trilogy Capital Inc. now owns 5,904 shares of the software giant’s stock valued at $2,484,000 after purchasing an additional 1,011 shares during the period. Sandy Cove Advisors LLC lifted its stake in Microsoft by 2.5% during the first quarter. Sandy Cove Advisors LLC now owns 12,997 shares of the software giant’s stock valued at $5,468,000 after buying an additional 312 shares in the last quarter. Finally, Deltec Asset Management LLC increased its position in shares of Microsoft by 5.9% in the first quarter. Deltec Asset Management LLC now owns 71,127 shares of the software giant’s stock worth $29,925,000 after acquiring an additional 3,980 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 1.2 %

Shares of MSFT stock opened at $425.43 on Friday. The firm has a fifty day moving average of $420.74 and a 200-day moving average of $424.80. Microsoft Co. has a 12-month low of $360.36 and a 12-month high of $468.35. The company has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.16 and a beta of 0.91. 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:MSFTGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the business earned $2.99 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Co. will post 12.95 earnings per share for the current fiscal year.

Microsoft declared that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s 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 transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. 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 accessible through this link. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents 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 worth $77,916,485 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wedbush restated an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. UBS Group decreased their price target 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. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. BMO Capital Markets cut their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

View Our Latest Analysis on MSFT

Microsoft Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.