Microsoft Corp. (MSFT) Downgraded to Hold at Vetr Inc.
Vetr lowered shares of Microsoft Corp. (NASDAQ:MSFT) from a buy rating to a hold rating in a research note issued to investors on Tuesday. Vetr currently has $59.58 price target on the software giant’s stock.
A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Microsoft Corp. from a buy rating to a hold rating in a research report on Tuesday. Goldman Sachs Group Inc. restated a hold rating and set a $57.00 price objective on shares of Microsoft Corp. in a research report on Monday. Nomura restated a buy rating and set a $65.00 price objective on shares of Microsoft Corp. in a research report on Thursday, October 13th. Credit Agricole SA restated an outperform rating and set a $60.00 price objective on shares of Microsoft Corp. in a research report on Wednesday, October 5th. Finally, Cowen and Company restated an outperform rating and set a $60.00 price objective on shares of Microsoft Corp. in a research report on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the stock. Microsoft Corp. has a consensus rating of Hold and a consensus target price of $59.60.
Microsoft Corp. (NASDAQ:MSFT) opened at 57.66 on Tuesday. The stock has a market cap of $449.32 billion, a PE ratio of 27.46 and a beta of 1.09. The stock has a 50 day moving average price of $57.37 and a 200-day moving average price of $54.48. Microsoft Corp. has a 1-year low of $47.09 and a 1-year high of $58.70.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.71%. 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 presently 70.24%.
In other Microsoft Corp. news, Director William H. Gates III sold 2,500,000 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider G Mason Morfit sold 18,000,000 shares of the business’s 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. Insiders own 3.76% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Microsoft Corp. during the second quarter worth about $699,840,000. Janus Capital Management LLC raised its stake in shares of Microsoft Corp. by 40.2% in the second quarter. Janus Capital Management LLC now owns 41,604,434 shares of the software giant’s stock worth $2,128,899,000 after buying an additional 11,937,675 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Microsoft Corp. by 1.7% in the second quarter. Vanguard Group Inc. now owns 504,208,409 shares of the software giant’s stock worth $25,800,344,000 after buying an additional 8,371,988 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Microsoft Corp. by 7.8% in the second quarter. Franklin Resources Inc. now owns 93,704,245 shares of the software giant’s stock worth $4,794,838,000 after buying an additional 6,760,471 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Microsoft Corp. during the first quarter worth about $370,367,000. 71.69% of the stock is currently owned by 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.
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