Cullen Frost Bankers Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 816,786 shares of the software giant’s stock after selling 39,281 shares during the period. Microsoft makes up about 2.9% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 3rd largest position. Cullen Frost Bankers Inc.’s holdings in Microsoft were worth $93,416,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Peak Capital Management LLC purchased a new stake in Microsoft in the 2nd quarter worth approximately $107,000. Woodard & Co. Asset Management Group Inc. ADV boosted its position in Microsoft by 90.5% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock worth $119,000 after purchasing an additional 498 shares in the last quarter. WP Advisors LLC purchased a new stake in Microsoft in the 2nd quarter worth approximately $131,000. Quattro Financial Advisors LLC purchased a new stake in Microsoft in the 3rd quarter worth approximately $132,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Microsoft in the 2nd quarter worth approximately $139,000. Institutional investors own 73.81% of the company’s stock.
Shares of NASDAQ:MSFT opened at $106.81 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08. The stock has a market cap of $823.03 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. Microsoft Co. has a 12-month low of $87.08 and a 12-month high of $116.18.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 30th. The software giant reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The company had revenue of $32.47 billion during the quarter, compared to analysts’ expectations of $32.53 billion. During the same period last year, the business posted $0.96 EPS. Microsoft’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 4.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 20th. Microsoft’s dividend payout ratio (DPR) is 47.42%.
A number of research analysts have recently issued reports on the company. Citigroup reiterated a “neutral” rating and set a $110.00 target price (down previously from $114.00) on shares of Microsoft in a research report on Thursday, January 31st. Credit Suisse Group set a $125.00 target price on Microsoft and gave the company a “buy” rating in a research report on Thursday, February 7th. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Royal Bank of Canada set a $124.00 target price on Microsoft and gave the company a “buy” rating in a research report on Thursday, January 31st. Finally, Macquarie set a $125.00 target price on Microsoft and gave the company a “buy” rating in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $122.11.
In other news, CMO Christopher C. Capossela sold 10,000 shares of Microsoft stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $111.77, for a total value of $1,117,700.00. Following the completion of the transaction, the chief marketing officer now owns 177,931 shares in the company, valued at approximately $19,887,347.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $105.50, for a total value of $422,000.00. Following the completion of the transaction, the executive vice president now owns 169,931 shares of the company’s stock, valued at approximately $17,927,720.50. The disclosure for this sale can be found here. Insiders have sold a total of 285,466 shares of company stock valued at $30,325,771 over the last 90 days. 1.38% of the stock is currently owned by company insiders.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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