Microsoft Corp. (NASDAQ:MSFT) insider Frank H. Brod sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $60.53, for a total value of $302,650.00. Following the sale, the insider now owns 121,508 shares in the company, valued at approximately $7,354,879.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 59.87 on Monday. Microsoft Corp. has a 12 month low of $48.04 and a 12 month high of $61.37. The company has a 50-day moving average price of $57.87 and a 200-day moving average price of $54.76. The firm has a market cap of $465.51 billion, a price-to-earnings ratio of 28.67 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The business earned $22.30 billion during the quarter, compared to analysts’ expectations of $21.71 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Analysts forecast that Microsoft Corp. will post $2.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is 69.23%.
Several large investors have recently added to or reduced their stakes in MSFT. Invictus RG bought a new stake in Microsoft Corp. during the first quarter worth approximately $107,000. Riggs Asset Managment Co. Inc. raised its stake in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the period. Roble Belko & Company Inc raised its stake in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the period. Peddock Capital Advisors LLC bought a new stake in Microsoft Corp. during the third quarter worth approximately $130,000. Finally, Lowe fs LLC raised its stake in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 71.77% of the company’s stock.
Several analysts have issued reports on the company. Nomura restated a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. BMO Capital Markets restated a “buy” rating and set a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a report on Thursday, July 21st. JPMorgan Chase & Co. restated a “hold” rating and set a $50.00 price objective on shares of Microsoft Corp. in a report on Monday, July 18th. Finally, Canaccord Genuity restated a “neutral” rating and set a $56.00 price objective (up previously from $55.00) on shares of Microsoft Corp. in a report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $61.85.
Microsoft Corp. Company Profile