Insider Selling: Microsoft Corp. (MSFT) CMO Sells $726,120.00 in Stock
Microsoft Corp. (NASDAQ:MSFT) CMO Christopher C. Capossela sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $60.51, for a total value of $726,120.00. Following the sale, the chief marketing officer now owns 253,306 shares of the company’s stock, valued at approximately $15,327,546.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 59.02 on Monday. The company’s 50-day moving average price is $58.54 and its 200-day moving average price is $55.09. Microsoft Corp. has a 12 month low of $48.03 and a 12 month high of $61.37. The firm has a market cap of $458.90 billion, a P/E ratio of 28.27 and a beta of 1.16.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Thursday, October 20th. The software giant reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The firm had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $21.71 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Microsoft Corp. will post $2.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is presently 69.23%.
Several institutional investors have recently made changes to their positions in the company. Euclid Advisors LLC increased its position in shares of Microsoft Corp. by 24.6% in the first quarter. Euclid Advisors LLC now owns 672,938 shares of the software giant’s stock worth $37,166,000 after buying an additional 132,695 shares during the last quarter. First Manhattan Co. increased its position in shares of Microsoft Corp. by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock worth $408,033,000 after buying an additional 108,933 shares during the last quarter. Berkshire Asset Management LLC PA increased its position in shares of Microsoft Corp. by 8.2% in the second quarter. Berkshire Asset Management LLC PA now owns 343,893 shares of the software giant’s stock worth $17,597,000 after buying an additional 26,037 shares during the last quarter. Roffman Miller Associates Inc. PA increased its position in shares of Microsoft Corp. by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock worth $19,986,000 after buying an additional 21,496 shares during the last quarter. Finally, First National Bank of Omaha increased its position in shares of Microsoft Corp. by 2.0% in the second quarter. First National Bank of Omaha now owns 468,734 shares of the software giant’s stock worth $23,985,000 after buying an additional 9,313 shares during the last quarter. Hedge funds and other institutional investors own 71.81% of the company’s stock.
A number of research firms recently commented on MSFT. Nomura reiterated a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. BMO Capital Markets reiterated a “buy” rating and issued a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. RBC Capital Markets set a $65.00 price objective on Microsoft Corp. and gave the company a “buy” rating in a report on Friday, October 21st. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $63.17 price objective for the company in a report on Wednesday, October 26th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $68.00 price objective (up previously from $65.00) on shares of Microsoft Corp. in a report on Sunday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $61.98.
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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