Crossvault Capital Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 23.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,361 shares of the software giant’s stock after purchasing an additional 13,900 shares during the quarter. Microsoft makes up approximately 3.2% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Crossvault Capital Management LLC’s holdings in Microsoft were worth $5,539,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in MSFT. BKD Wealth Advisors LLC raised its holdings in Microsoft by 1.2% during the second quarter. BKD Wealth Advisors LLC now owns 82,824 shares of the software giant’s stock valued at $5,709,000 after acquiring an additional 964 shares during the period. Cardinal Capital Management Inc. raised its holdings in Microsoft by 1.7% during the second quarter. Cardinal Capital Management Inc. now owns 230,546 shares of the software giant’s stock valued at $15,892,000 after acquiring an additional 3,761 shares during the period. Prentiss Smith & Co. Inc. raised its holdings in Microsoft by 7.7% during the second quarter. Prentiss Smith & Co. Inc. now owns 11,179 shares of the software giant’s stock valued at $771,000 after acquiring an additional 800 shares during the period. Capital One National Association raised its holdings in Microsoft by 2.0% during the second quarter. Capital One National Association now owns 253,208 shares of the software giant’s stock valued at $17,454,000 after acquiring an additional 4,943 shares during the period. Finally, First American Bank raised its holdings in Microsoft by 0.9% during the second quarter. First American Bank now owns 214,453 shares of the software giant’s stock valued at $14,783,000 after acquiring an additional 1,944 shares during the period. 73.19% of the stock is currently owned by institutional investors.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the business’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 transaction of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $3,759,420 in the last 90 days. Company insiders own 1.49% of the company’s stock.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $115.00 target price (up from $95.00) on shares of Microsoft in a report on Thursday. Morgan Stanley set a $100.00 target price on Microsoft and gave the stock a “buy” rating in a report on Thursday. UBS Group set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a report on Friday. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $88.32.
Microsoft Co. (NASDAQ MSFT) opened at $90.00 on Friday. The company has a market capitalization of $693,540.00, a PE ratio of 30.41, a P/E/G ratio of 2.11 and a beta of 0.99. Microsoft Co. has a 12-month low of $62.37 and a 12-month high of $90.79. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter last year, the business posted $0.76 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. analysts expect 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 given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.87%. Microsoft’s dividend payout ratio (DPR) is presently 56.76%.
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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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