CIBC Asset Management Inc Has $903.02 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

CIBC Asset Management Inc lifted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,098,917 shares of the software giant's stock after acquiring an additional 103,257 shares during the quarter. Microsoft makes up 2.9% of CIBC Asset Management Inc's portfolio, making the stock its 4th biggest holding. CIBC Asset Management Inc's holdings in Microsoft were worth $903,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased 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 worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP bought a new stake in shares of Microsoft during the 2nd quarter worth about $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the 2nd quarter valued at about $75,000. Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft during the second quarter worth approximately $200,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MSFT shares. Morgan Stanley lifted their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on shares of Microsoft from $470.00 to $520.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Mizuho raised their price target on Microsoft from $480.00 to $510.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Truist Financial reissued a "buy" rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, TD Cowen lowered their target price on Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Three research 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 stock. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $512.93.

Microsoft Price Performance

NASDAQ:MSFT traded down $0.53 on Tuesday, reaching $428.50. The stock had a trading volume of 25,848,817 shares, compared to its average volume of 19,069,188. The company has a market capitalization of $3.19 trillion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. The stock has a fifty day moving average price of $429.54 and a 200-day moving average price of $425.92. 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 Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business's revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.99 EPS. Research analysts forecast that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given 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 dividend yield of 0.77%. Microsoft's payout ratio is currently 27.39%.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company's stock, valued at $48,911,598. The trade was a 17.57 % 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, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last 90 days. 0.03% of the stock is owned by company insiders.

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.