Cullen Frost Bankers Inc. Has $84.42 Million Position in Microsoft Co. (MSFT)

Cullen Frost Bankers Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 856,067 shares of the software giant’s stock after selling 10,352 shares during the period. Microsoft makes up 2.6% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 3rd largest holding. Cullen Frost Bankers Inc.’s holdings in Microsoft were worth $84,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Community Bank of Raymore lifted its stake in Microsoft by 21.4% during the 2nd quarter. Community Bank of Raymore now owns 2,812 shares of the software giant’s stock valued at $277,000 after acquiring an additional 495 shares in the last quarter. Narwhal Capital Management increased its position in shares of Microsoft by 0.4% during the 2nd quarter. Narwhal Capital Management now owns 121,380 shares of the software giant’s stock valued at $11,969,000 after purchasing an additional 495 shares during the last quarter. Adirondack Trust Co. increased its position in shares of Microsoft by 1.8% during the 2nd quarter. Adirondack Trust Co. now owns 27,321 shares of the software giant’s stock valued at $2,694,000 after purchasing an additional 495 shares during the last quarter. Trust Department MB Financial Bank N A increased its position in shares of Microsoft by 1.9% during the 2nd quarter. Trust Department MB Financial Bank N A now owns 26,621 shares of the software giant’s stock valued at $2,625,000 after purchasing an additional 500 shares during the last quarter. Finally, Live Your Vision LLC increased its position in shares of Microsoft by 58.7% during the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares during the last quarter. Institutional investors own 71.85% of the company’s stock.

Shares of MSFT opened at $109.57 on Friday. Microsoft Co. has a fifty-two week low of $80.70 and a fifty-two week high of $116.18. The stock has a market capitalization of $829.42 billion, a P/E ratio of 28.24, a PEG ratio of 1.97 and a beta of 1.26. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The company had revenue of $29.08 billion during the quarter, compared to analyst estimates of $27.92 billion. During the same quarter last year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 4.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a $0.46 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.68%. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is 43.30%.

Several brokerages have recently issued reports on MSFT. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Microsoft in a research report on Monday, October 29th. Oppenheimer reaffirmed a “buy” rating and set a $127.00 target price on shares of Microsoft in a research report on Monday, October 29th. Citigroup raised their target price on Microsoft from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 25th. KeyCorp raised their target price on Microsoft from $123.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, October 25th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $137.00 target price on shares of Microsoft in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $121.88.

In other Microsoft news, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the completion of the transaction, the executive vice president now owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank H. Brod sold 20,000 shares of Microsoft stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $107.70, for a total value of $2,154,000.00. Following the transaction, the insider now directly owns 66,676 shares of the company’s stock, valued at approximately $7,181,005.20. The disclosure for this sale can be found here. Insiders have sold a total of 479,080 shares of company stock valued at $52,100,893 in the last ninety days. Insiders own 1.49% of the company’s stock.

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About Microsoft

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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