Microsoft Co. (MSFT) Stake Lifted by Crossvault Capital Management LLC

Crossvault Capital Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 75,402 shares of the software giant’s stock after purchasing an additional 1,041 shares during the period. Microsoft comprises 3.4% of Crossvault Capital Management LLC’s portfolio, making the stock its 11th largest holding. Crossvault Capital Management LLC’s holdings in Microsoft were worth $6,450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its position in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC lifted its position in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the period. Vanguard Group Inc. lifted its position in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the period. Tiger Global Management LLC lifted its position in shares of Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC acquired a new position in shares of Microsoft during the 3rd quarter valued at $527,480,000. Hedge funds and other institutional investors own 73.84% of the company’s stock.

A number of research analysts recently issued reports on the stock. Credit Suisse Group reiterated a “buy” rating and set a $115.00 target price on shares of Microsoft in a research report on Thursday, April 12th. Zacks Investment Research downgraded shares of Microsoft from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Vetr upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $104.63 target price on the stock in a research report on Tuesday, April 3rd. Morgan Stanley boosted their price target on shares of Microsoft from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, March 26th. Finally, William Blair restated a “buy” rating on shares of Microsoft in a research note on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $100.14.

In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the sale, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at $15,928,854. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by company insiders.

MSFT opened at $94.17 on Tuesday. The stock has a market cap of $716,696.75, a P/E ratio of 28.45, a P/E/G ratio of 2.16 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. Microsoft Co. has a fifty-two week low of $64.89 and a fifty-two week high of $97.24.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. analysts predict that Microsoft Co. will post 3.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.78%. Microsoft’s payout ratio is currently 50.76%.

TRADEMARK VIOLATION NOTICE: This report was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2018/04/17/microsoft-co-msft-stake-lifted-by-crossvault-capital-management-llc.html.

About Microsoft

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

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.

Leave a Reply