Insider Selling: William Gates III Sells 3,108,100 Shares of Microsoft Corp. Stock (MSFT)
Microsoft Corp. (NASDAQ:MSFT) Director William Gates III sold 3,108,100 shares of Microsoft Corp. stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $35.51, for a total value of $110,368,631.00. Following the completion of the transaction, the director now directly owns 372,631,065 shares in the company, valued at approximately $13,232,129,118. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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, October 25th. 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, October 25th. 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, October 25th. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.58.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.38% during mid-day trading on Thursday, hitting $35.405. The stock had a trading volume of 41,689,564 shares. Microsoft Corp. has a 1-year low of $26.26 and a 1-year high of $36.43. The stock has a 50-day moving average of $33.78 and a 200-day moving average of $33.34. The company has a market cap of $295.6 billion and a price-to-earnings ratio of 13.31.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts expect that Microsoft Corp. will post $2.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend 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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