Microsoft Co. (NASDAQ:MSFT) CMO Christopher C. Capossela sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $144.42, for a total value of $361,050.00. Following the transaction, the chief marketing officer now owns 123,944 shares in the company, valued at $17,899,992.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NASDAQ MSFT opened at $144.06 on Thursday. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $145.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.81 and a current ratio of 2.85. The stock has a 50 day simple moving average of $139.62 and a two-hundred day simple moving average of $134.82. The stock has a market cap of $1,096.41 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.14. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The business had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. During the same quarter last year, the business posted $1.14 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Sell-side analysts predict that Microsoft Co. will post 5.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.
Microsoft declared that its board has approved a share buyback plan on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to buy up to 3.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
MSFT has been the topic of several recent research reports. Jefferies Financial Group upgraded Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Monday, October 7th. Credit Suisse Group set a $155.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Cleveland Research restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. UBS Group set a $162.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Raymond James raised their price target on Microsoft from $160.00 to $163.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $159.45.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MSFT. Nuveen Asset Management LLC lifted its stake in shares of Microsoft by 2,651.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock valued at $9,022,645,000 after purchasing an additional 64,905,685 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Microsoft by 13,479.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock valued at $872,628,000 after purchasing an additional 8,662,023 shares during the period. Vanguard Group Inc. lifted its stake in shares of Microsoft by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock valued at $82,118,218,000 after purchasing an additional 7,724,483 shares during the period. Edgewood Management LLC purchased a new position in shares of Microsoft in the 2nd quarter valued at approximately $620,230,000. Finally, Parnassus Investments CA lifted its stake in shares of Microsoft by 87.9% in the 2nd quarter. Parnassus Investments CA now owns 8,818,322 shares of the software giant’s stock valued at $1,181,303,000 after purchasing an additional 4,126,121 shares during the period. Institutional investors own 72.20% of the company’s stock.
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, 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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