Cullinan Associates Inc. Has $62.60 Million Position in Microsoft Co. (NASDAQ:MSFT)

Cullinan Associates Inc. grew its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 243,741 shares of the software giant’s stock after acquiring an additional 19,651 shares during the period. Microsoft accounts for approximately 3.8% of Cullinan Associates Inc.’s investment portfolio, making the stock its 4th biggest position. Cullinan Associates Inc.’s holdings in Microsoft were worth $62,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. KB Financial Partners LLC grew its holdings in Microsoft by 0.5% during the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after acquiring an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC grew its holdings in Microsoft by 0.9% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after acquiring an additional 37 shares during the period. Strategic Asset Management LLC grew its holdings in Microsoft by 5.9% during the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after acquiring an additional 37 shares during the period. Virginia Wealth Management Group Inc. grew its holdings in Microsoft by 0.3% during the 1st quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock worth $3,830,000 after acquiring an additional 37 shares during the period. Finally, Northwest Wealth Management LLC grew its holdings in Microsoft by 0.8% during the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after acquiring an additional 37 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Microsoft stock opened at $242.45 on Wednesday. Microsoft Co. has a 52 week low of $239.64 and a 52 week high of $349.67. The company’s 50 day moving average price is $268.41 and its two-hundred day moving average price is $273.37. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.81 trillion, a P/E ratio of 25.15, a P/E/G ratio of 2.06 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the firm posted $2.17 EPS. On average, equities analysts predict that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. Cowen decreased their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. Jefferies Financial Group set a $320.00 price objective on shares of Microsoft in a research report on Tuesday, September 6th. BMO Capital Markets increased their price objective on shares of Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research report on Tuesday, July 26th. Finally, Mizuho cut their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Microsoft Company Profile

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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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