Microsoft Corp. CAO Frank Brod Unloads 20,000 Shares (MSFT)
Microsoft Corp. (NASDAQ:MSFT) CAO Frank Brod unloaded 20,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $35.45, for a total value of $709,000.00. Following the sale, the chief accounting officer now directly owns 129,385 shares in the company, valued at approximately $4,586,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MSFT. Analysts at Evercore Partners raised their price target on shares of Microsoft Corp. from $38.00 to $40.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Microsoft Corp. from $35.00 to $36.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Finally, analysts at Credit Agricole raised their price target on shares of Microsoft Corp. from $38.00 to $39.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.58.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.14% during mid-day trading on Tuesday, hitting $35.52. The stock had a trading volume of 31,702,612 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 $32.27 and a 200-day moving average of $32.03. The company has a market cap of $296.4 billion and a P/E ratio of 13.32.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.07. The company had revenue of $18.53 billion for the quarter, compared to the consensus estimate of $17.83 billion. During the same quarter last year, the company posted $0.65 earnings per share. Microsoft Corp.’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Microsoft Corp. will post $2.69 earnings per share for the current fiscal year.
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 3.15%. The ex-dividend date is Tuesday, November 19th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.23.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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