Microsoft Corp. (MSFT) Lowered to Hold at Vetr Inc.
Microsoft Corp. (NASDAQ:MSFT) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $59.58 price target on the software giant’s stock. Vetr‘s price target suggests a potential upside of 3.33% from the stock’s previous close.
Several other research firms have also recently issued reports on MSFT. Sanford C. Bernstein set a $68.00 price target on shares of Microsoft Corp. and gave the stock a “buy” rating in a research note on Friday, July 15th. Jefferies Group set a $40.00 price objective on shares of Microsoft Corp. and gave the stock a “sell” rating in a report on Tuesday, September 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $62.00 price objective on shares of Microsoft Corp. in a report on Friday, July 22nd. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a report on Monday, July 25th. Finally, Independent Research GmbH set a $50.00 price objective on shares of Microsoft Corp. and gave the stock a “sell” rating in a report on Thursday, July 21st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $59.60.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.77% on Tuesday, reaching $57.66. 19,149,538 shares of the company’s stock traded hands. The firm has a market capitalization of $449.32 billion, a P/E ratio of 27.46 and a beta of 1.09. Microsoft Corp. has a 52 week low of $47.09 and a 52 week high of $58.70. The stock has a 50-day moving average of $57.37 and a 200 day moving average of $54.48.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.71%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
In other Microsoft Corp. news, insider G Mason Morfit sold 18,000,000 shares of Microsoft Corp. stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in MSFT. Schneider Downs Wealth Management Advisors LP acquired a new position in Microsoft Corp. during the third quarter valued at $212,000. Trust Co. of Virginia VA boosted its position in Microsoft Corp. by 1.1% in the third quarter. Trust Co. of Virginia VA now owns 222,283 shares of the software giant’s stock valued at $12,803,000 after buying an additional 2,315 shares during the period. Somerset Trust Co boosted its position in Microsoft Corp. by 0.5% in the third quarter. Somerset Trust Co now owns 84,857 shares of the software giant’s stock valued at $4,886,000 after buying an additional 460 shares during the period. Regent Investment Management LLC boosted its position in Microsoft Corp. by 2.3% in the third quarter. Regent Investment Management LLC now owns 14,701 shares of the software giant’s stock valued at $847,000 after buying an additional 335 shares during the period. Finally, David R. Rahn & Associates Inc. acquired a new position in Microsoft Corp. during the third quarter valued at $704,000. 71.69% of the stock is currently owned by 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.
To view Vetr’s full report, visit Vetr’s official website.
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