Insider Selling: Tami Reller Sells 5,800 Shares of Microsoft Corp. Stock (MSFT)
Microsoft Corp. (NASDAQ:MSFT) EVP Tami Reller sold 5,800 shares of the stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $37.35, for a total value of $216,630.00. Following the completion of the transaction, the executive vice president now directly owns 461,774 shares in the company, valued at approximately $17,247,259. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.67% during mid-day trading on Friday, hitting $36.91. The stock had a trading volume of 31,134,796 shares. Microsoft Corp. has a one year low of $26.28 and a one year high of $38.98. The stock has a 50-day moving average of $37. and a 200-day moving average of $34.61. The company has a market cap of $308.1 billion and a P/E ratio of 13.91. Microsoft Corp. also was the recipient of some unusual options trading on Thursday. Investors purchased 165,395 call options on the company. This is an increase of 101% compared to the typical daily volume of 82,150 call options.
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 prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that Microsoft Corp. will post $2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of 0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, February 18th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Microsoft Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $38.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Wednesday, December 18th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Microsoft Corp. from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 9th. Five analysts have rated the stock with a sell rating, twenty-one have given a hold rating and thirteen have assigned a buy rating to the company. Microsoft Corp. has an average rating of “Hold” and a consensus target price of $35.48.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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