MSFT has been the subject of a number of other research reports. Cowen and Company reaffirmed an outperform rating and issued a $60.00 price objective on shares of Microsoft Corp. in a research note on Friday, September 30th. Credit Agricole SA reiterated an outperform rating and set a $60.00 price target on shares of Microsoft Corp. in a report on Wednesday, October 5th. Goldman Sachs Group Inc. set a $55.00 price target on shares of Microsoft Corp. and gave the company a neutral rating in a report on Wednesday, June 29th. Jefferies Group set a $40.00 price target on shares of Microsoft Corp. and gave the company a sell rating in a report on Tuesday, September 27th. Finally, Citigroup Inc. upped their price target on shares of Microsoft Corp. from $36.00 to $37.00 and gave the company a sell rating in a report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $59.62.
Microsoft Corp. (NASDAQ:MSFT) opened at 57.42 on Tuesday. Microsoft Corp. has a one year low of $47.02 and a one year high of $58.70. The stock’s 50 day moving average is $57.40 and its 200-day moving average is $54.45. The firm has a market capitalization of $447.45 billion, a PE ratio of 27.34 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.39 dividend. 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.72%. Microsoft Corp.’s dividend payout ratio (DPR) is 70.24%.
In related news, insider G Mason Morfit sold 18,000,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total value of $1,010,160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of the transaction, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth $107,000. Peddock Capital Advisors LLC purchased a new position in Microsoft Corp. during the third quarter valued at approximately $130,000. Riggs Asset Managment Co. Inc. raised its position 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 valued at $122,000 after buying an additional 147 shares during the last quarter. Roble Belko & Company Inc raised its position 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 valued at $130,000 after buying an additional 210 shares during the last quarter. Finally, Lowe fs LLC raised its position in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Microsoft Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corp. and related companies with MarketBeat.com's FREE daily email newsletter.