Microsoft Corp. (MSFT) Receives Hold Rating from Goldman Sachs Group Inc.
Goldman Sachs Group Inc. restated their hold rating on shares of Microsoft Corp. (NASDAQ:MSFT) in a research report sent to investors on Monday. Goldman Sachs Group Inc. currently has a $57.00 target price on the software giant’s stock.
Several other analysts have also weighed in on the stock. Vetr upgraded shares of Microsoft Corp. from a buy rating to a strong-buy rating and set a $57.64 target price on the stock in a research report on Monday, July 11th. Sanford C. Bernstein set a $68.00 target price on shares of Microsoft Corp. and gave the company a buy rating in a research report on Friday, July 15th. Citigroup Inc. lifted their target price on shares of Microsoft Corp. from $36.00 to $37.00 and gave the company a sell rating in a research report on Thursday, July 7th. Stifel Nicolaus lifted their target price on shares of Microsoft Corp. from $58.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, July 20th. Finally, Deutsche Bank AG reiterated a buy rating and set a $65.00 target price on shares of Microsoft Corp. in a research report on Saturday, June 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. Microsoft Corp. has an average rating of Buy and a consensus price target of $59.62.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 57.22 on Monday. The company’s 50-day moving average is $57.38 and its 200-day moving average 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 capitalization of $445.89 billion, a PE ratio of 27.25 and a beta of 1.09.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 annualized dividend and a yield of 2.73%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
In other Microsoft Corp. news, insider G Mason Morfit sold 18,000,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Gates III sold 2,500,000 shares of the company’s 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 disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. Invictus RG bought a new stake in shares of Microsoft Corp. during the first quarter valued at $107,000. Riggs Asset Managment Co. Inc. increased its position in shares of 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 in the last quarter. Roble Belko & Company Inc increased its position in shares of 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 in the last quarter. Peddock Capital Advisors LLC acquired a new position in shares of Microsoft Corp. during the third quarter worth approximately $130,000. Finally, Lowe fs LLC increased its position in shares of 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 in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.
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.
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