Amarillo National Bank Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Amarillo National Bank cut its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 16.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,692 shares of the software giant’s stock after selling 3,723 shares during the period. Microsoft accounts for 1.0% of Amarillo National Bank’s holdings, making the stock its 22nd biggest position. Amarillo National Bank’s holdings in Microsoft were worth $4,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Phoenix Wealth Advisors raised its stake in shares of Microsoft by 2.0% during the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after buying an additional 343 shares during the period. Jmac Enterprises LLC raised its position in Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares during the period. ARGI Investment Services LLC grew its position in shares of Microsoft by 9.9% in the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after purchasing an additional 3,358 shares during the period. First PREMIER Bank increased its stake in shares of Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after purchasing an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC raised its position in shares of Microsoft by 4.9% during the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after purchasing an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 1.6 %

Shares of MSFT opened at $231.93 on Friday. The company’s 50-day simple moving average is $241.84 and its 200-day simple moving average is $250.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The stock has a market capitalization of $1.73 trillion, a PE ratio of 24.99, a P/E/G ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The company had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. Analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.17%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Analyst Ratings Changes

MSFT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Fundamental Research reduced their price objective on Microsoft to $270.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Rosenblatt Securities decreased their price objective on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Cowen dropped their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Piper Sandler decreased their price target on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.33.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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