Microsoft Corp. (MSFT) Earns “Hold” Rating from Goldman Sachs Group Inc.
Microsoft Corp. (NASDAQ:MSFT)‘s stock had its “hold” rating reissued by analysts at Goldman Sachs Group Inc. in a report issued on Monday. They currently have a $57.00 target price on the software giant’s stock. Goldman Sachs Group Inc.’s price target suggests a potential downside of 0.73% from the company’s current price.
Several other equities research analysts have also recently commented on MSFT. Vetr cut shares of Microsoft Corp. from a “strong-buy” rating to a “buy” rating and set a $56.28 price target on the stock. in a research report on Tuesday, June 21st. Credit Suisse Group AG reissued an “outperform” rating and set a $62.50 price target on shares of Microsoft Corp. in a research report on Saturday, June 25th. Deutsche Bank AG reissued a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a research report on Saturday, June 25th. Sanford C. Bernstein set a $68.00 price target on shares of Microsoft Corp. and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Jefferies Group reissued an “underperform” rating and set a $40.00 price target on shares of Microsoft Corp. in a research report on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.62.
Shares of Microsoft Corp. (NASDAQ:MSFT) opened at 57.42 on Monday. The company has a 50 day moving average of $57.40 and a 200 day moving average of $54.45. The company has a market cap of $447.45 billion, a PE ratio of 27.34 and a beta of 1.09. Microsoft Corp. has a 1-year low of $47.02 and a 1-year high of $58.70.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.72%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the transaction, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total transaction of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth $107,000. Peddock Capital Advisors LLC purchased a new position in Microsoft Corp. during the third quarter worth $130,000. Riggs Asset Managment Co. Inc. raised its position in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the last quarter. Roble Belko & Company Inc raised its position in Microsoft Corp. by 9.0% in the second quarter. Roble Belko & Company Inc now owns 2,535 shares of the software giant’s stock worth $130,000 after buying an additional 210 shares during the last quarter. Finally, Lowe fs LLC raised its position in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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