Cribstone Capital Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,852 shares of the software giant’s stock after selling 1,111 shares during the quarter. Microsoft makes up 1.4% of Cribstone Capital Management LLC’s holdings, making the stock its 20th biggest holding. Cribstone Capital Management LLC’s holdings in Microsoft were worth $2,745,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. River Wealth Advisors LLC raised its position in Microsoft by 6.4% in the second quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares during the last quarter. Northeast Financial Consultants Inc raised its position in Microsoft by 17.4% in the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares during the last quarter. One Capital Management LLC raised its position in Microsoft by 5.0% in the second quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after purchasing an additional 2,675 shares during the last quarter. JLB & Associates Inc. bought a new position in Microsoft in the second quarter valued at about $10,873,000. Finally, First National Bank Sioux Falls raised its position in Microsoft by 9.6% in the second quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 1,365 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Shares of Microsoft Co. (NASDAQ:MSFT) opened at $90.00 on Friday. The firm has a market capitalization of $693,540.00, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a 1-year low of $62.37 and a 1-year high of $90.79.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. equities analysts anticipate that Microsoft Co. will post 3.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.87%. Microsoft’s payout ratio is currently 56.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock valued at $3,759,420 in the last three months. Insiders own 1.49% of the company’s stock.
MSFT has been the subject of several research reports. Oppenheimer set a $80.00 target price on Microsoft and gave the company a “buy” rating in a research report on Monday, September 25th. KeyCorp restated a “buy” rating and set a $94.00 price objective on shares of Microsoft in a research report on Friday, October 27th. Stifel Nicolaus raised their price objective on Microsoft from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada set a $85.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $88.32.
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Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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