Crossmark Global Holdings Inc. Has $90.53 Million Position in Microsoft Co. (MSFT)

Crossmark Global Holdings Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 918,065 shares of the software giant’s stock after selling 15,744 shares during the quarter. Microsoft comprises approximately 2.4% of Crossmark Global Holdings Inc.’s portfolio, making the stock its biggest position. Crossmark Global Holdings Inc.’s holdings in Microsoft were worth $90,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Wealth Inc. bought a new stake in shares of Microsoft during the first quarter valued at approximately $221,000. Strategic Wealth Advisors Group LLC raised its holdings in shares of Microsoft by 101.3% during the first quarter. Strategic Wealth Advisors Group LLC now owns 263,940 shares of the software giant’s stock valued at $24,089,000 after buying an additional 132,826 shares during the last quarter. Bfsg LLC raised its holdings in shares of Microsoft by 4.9% during the first quarter. Bfsg LLC now owns 74,200 shares of the software giant’s stock valued at $6,772,000 after buying an additional 3,454 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its holdings in shares of Microsoft by 5.0% during the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 166,631 shares of the software giant’s stock valued at $15,208,000 after buying an additional 7,905 shares during the last quarter. Finally, Van Hulzen Asset Management LLC raised its holdings in shares of Microsoft by 8.0% during the first quarter. Van Hulzen Asset Management LLC now owns 12,860 shares of the software giant’s stock valued at $1,174,000 after buying an additional 954 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

In other Microsoft news, EVP Kathleen T. Hogan sold 36,500 shares of Microsoft stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $111.28, for a total transaction of $4,061,720.00. Following the transaction, the executive vice president now directly owns 226,801 shares in the company, valued at approximately $25,238,415.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the executive vice president now owns 339,972 shares in the company, valued at $37,842,283.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 479,080 shares of company stock worth $52,100,893. 1.49% of the stock is currently owned by company insiders.

Microsoft stock opened at $103.07 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $793.93 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.26. Microsoft Co. has a 1 year low of $80.70 and a 1 year high of $116.18.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. Sell-side analysts predict that Microsoft Co. will post 4.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be given a $0.46 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.79%. Microsoft’s payout ratio is 47.42%.

A number of research firms recently commented on MSFT. Wells Fargo & Co reiterated a “buy” rating and set a $130.00 price objective on shares of Microsoft in a research note on Thursday, September 27th. Credit Suisse Group reiterated a “buy” rating and set a $125.00 price objective on shares of Microsoft in a research note on Monday, October 29th. Oppenheimer reiterated a “buy” rating and set a $127.00 price objective on shares of Microsoft in a research note on Monday, October 29th. $1 reiterated a “buy” rating and set a $127.00 price objective on shares of Microsoft in a research note on Tuesday, October 23rd. Finally, Barclays reiterated a “buy” rating and set a $121.00 price objective on shares of Microsoft in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $121.88.

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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