Goldman Sachs Group Inc. reiterated their hold rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research note issued to investors on Monday. The firm currently has a $57.00 price target on the software giant’s stock.
Several other brokerages also recently issued reports on MSFT. Sanford C. Bernstein set a $68.00 target price on Microsoft Corp. and gave the company a buy rating in a research note on Friday, July 15th. Jefferies Group set a $40.00 target price on Microsoft Corp. and gave the company a sell rating in a research note on Tuesday, September 27th. Oppenheimer Holdings Inc. reissued an outperform rating and set a $62.00 target price on shares of Microsoft Corp. in a research note on Friday, July 22nd. Argus reissued a hold rating on shares of Microsoft Corp. in a research note on Monday, July 25th. Finally, Independent Research GmbH set a $50.00 target price on Microsoft Corp. and gave the company a sell rating in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $59.62.
Microsoft Corp. (NASDAQ:MSFT) opened at 57.22 on Monday. The company’s 50 day moving average price is $57.38 and its 200-day moving average price is $54.46. Microsoft Corp. has a one year low of $47.02 and a one year high of $58.70. The company has a market cap of $445.89 billion, a P/E ratio of 27.25 and a beta of 1.09.
The business also recently declared 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. This represents a $1.56 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, November 15th. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
In related news, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total value of $139,850,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 3.76% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of MSFT. McQueen Ball & Associates Inc. boosted its stake in Microsoft Corp. by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 8,429 shares of the software giant’s stock valued at $466,000 after buying an additional 25 shares in the last quarter. Gillespie Robinson & Grimm Inc. raised its position in shares of Microsoft Corp. by 33.4% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 14,368 shares of the software giant’s stock valued at $800,000 after buying an additional 3,601 shares during the last quarter. Country Trust Bank raised its position in shares of Microsoft Corp. by 7.0% in the first quarter. Country Trust Bank now owns 694,033 shares of the software giant’s stock valued at $38,331,000 after buying an additional 45,671 shares during the last quarter. Sigma Planning Corp raised its position in shares of Microsoft Corp. by 23.7% in the first quarter. Sigma Planning Corp now owns 101,845 shares of the software giant’s stock valued at $5,625,000 after buying an additional 19,501 shares during the last quarter. Finally, V Wealth Management LLC acquired a new position in shares of Microsoft Corp. during the first quarter valued at $552,000. 71.69% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corp. Company Profile
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.
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.