Microsoft Co. (MSFT) Director William H. Gates III Sells 2,500,000 Shares
Microsoft Co. (NASDAQ:MSFT) Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $68.90, for a total value of $172,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
William H. Gates III also recently made the following trade(s):
- On Tuesday, May 2nd, William H. Gates III sold 2,500,000 shares of Microsoft stock. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00.
Microsoft Co. (NASDAQ:MSFT) traded up 0.34% on Friday, reaching $67.94. 7,269,594 shares of the company’s stock traded hands. Microsoft Co. has a 52-week low of $48.04 and a 52-week high of $69.71. The stock has a market capitalization of $524.53 billion, a PE ratio of 29.98 and a beta of 1.08. The firm’s 50-day moving average is $67.19 and its 200 day moving average is $63.89.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $23.62 billion. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Analysts forecast that Microsoft Co. will post $3.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.30%. The ex-dividend date is Tuesday, May 16th. Microsoft’s payout ratio is presently 73.59%.
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MSFT has been the topic of a number of recent analyst reports. Pacific Crest set a $70.00 price objective on Microsoft and gave the company a “buy” rating in a report on Saturday, January 28th. Credit Suisse Group AG initiated coverage on Microsoft in a report on Thursday, April 27th. They issued an “outperform” rating and a $80.00 price objective on the stock. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $67.56 price target on the stock. in a research note on Wednesday, March 8th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Microsoft in a research report on Wednesday, April 19th. Finally, Atlantic Securities reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Microsoft in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $69.44.
A number of large investors have recently bought and sold shares of MSFT. Laurel Grove Capital LLC boosted its stake in Microsoft by 9.7% in the third quarter. Laurel Grove Capital LLC now owns 12,950 shares of the software giant’s stock valued at $746,000 after buying an additional 1,150 shares during the last quarter. American National Bank raised its position in shares of Microsoft by 33.3% in the third quarter. American National Bank now owns 100,755 shares of the software giant’s stock valued at $5,804,000 after buying an additional 25,178 shares during the period. Cim LLC raised its position in shares of Microsoft by 1.6% in the third quarter. Cim LLC now owns 5,577 shares of the software giant’s stock valued at $321,000 after buying an additional 89 shares during the period. Guinness Asset Management Ltd raised its position in shares of Microsoft by 6.3% in the third quarter. Guinness Asset Management Ltd now owns 120,750 shares of the software giant’s stock valued at $6,955,000 after buying an additional 7,170 shares during the period. Finally, WESPAC Advisors LLC acquired a new position in shares of Microsoft during the third quarter valued at about $660,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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