Microsoft Corp. (MSFT) EVP Christopher C. Capossela Sells 18,583 Shares of Stock
Microsoft Corp. (NASDAQ:MSFT) EVP Christopher C. Capossela sold 18,583 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $58.58, for a total transaction of $1,088,592.14. Following the transaction, the executive vice president now owns 243,306 shares of the company’s stock, valued at approximately $14,252,865.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 58.12 on Tuesday. The company has a market capitalization of $451.90 billion, a PE ratio of 27.84 and a beta of 1.16. The stock’s 50 day moving average price is $58.56 and its 200-day moving average price is $55.21. Microsoft Corp. has a 1-year low of $48.03 and a 1-year high of $61.37.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The business earned $22.30 billion during the quarter, compared to the consensus estimate of $21.71 billion. Microsoft Corp. had a return on equity of 30.92% and a net margin of 19.40%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, equities analysts predict that Microsoft Corp. will post $2.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.68%. Microsoft Corp.’s dividend payout ratio is 69.23%.
A number of institutional investors have recently bought and sold shares of the company. Invictus RG bought a new stake in Microsoft Corp. during the first quarter worth approximately $107,000. Riggs Asset Managment Co. Inc. boosted its stake 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 worth $122,000 after buying an additional 147 shares in the last quarter. Roble Belko & Company Inc boosted its stake 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 worth $130,000 after buying an additional 210 shares in the last quarter. Peddock Capital Advisors LLC bought a new stake in Microsoft Corp. during the third quarter worth approximately $130,000. Finally, Lowe fs LLC boosted its stake in 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. Institutional investors and hedge funds own 71.81% of the company’s stock.
A number of brokerages recently issued reports on MSFT. Vetr upgraded shares of 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. Cowen and Company reiterated an “outperform” rating and issued a $64.00 price target on shares of Microsoft Corp. in a report on Thursday, October 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $70.00 price target on shares of Microsoft Corp. in a report on Monday, November 7th. Atlantic Securities upgraded shares of Microsoft Corp. from an “underweight” rating to a “neutral” rating in a report on Thursday, November 10th. Finally, Citigroup Inc. reiterated a “sell” rating and issued a $41.00 price target on shares of Microsoft Corp. in a report on Sunday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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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