Microsoft Corp. EVP Anthony John Bates Sells 43,984 Shares (MSFT)
Microsoft Corp. (NASDAQ:MSFT) EVP Anthony John Bates sold 43,984 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $34.88, for a total value of $1,534,161.92. Following the completion of the transaction, the executive vice president now directly owns 645,708 shares in the company, valued at approximately $22,522,295. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.11% during mid-day trading on Friday, hitting $34.96. The stock had a trading volume of 41,811,700 shares. Microsoft Corp. has a 52 week low of $26.26 and a 52 week high of $36.43. The stock has a 50-day moving average of $33.13 and a 200-day moving average of $32.97. The company has a market cap of $291.2 billion and a P/E ratio of 13.53.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, November 19th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.23.
A number of analysts have recently weighed in on MSFT shares. Analysts at Raymond James reiterated a “market perform” rating on shares of Microsoft Corp. in a research note to investors on Friday. Separately, analysts at Jefferies Group upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $42.00 price target on the stock, up previously from $33.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Friday, October 11th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.69.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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