Amy Hood Sells 55,000 Shares of Microsoft Corporation (MSFT) Stock
Microsoft Corporation (NASDAQ:MSFT) CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 1.31% during trading on Wednesday, hitting $74.01. The stock had a trading volume of 16,893,985 shares. The stock has a 50-day moving average of $72.63 and a 200 day moving average of $68.58. The firm has a market cap of $570.04 billion, a price-to-earnings ratio of 27.31 and a beta of 1.01. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.11%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
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MSFT has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a research report on Sunday, July 9th. Cowen and Company reiterated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a research report on Saturday, July 22nd. BMO Capital Markets reiterated a “buy” rating and set a $86.00 target price on shares of Microsoft Corporation in a research report on Friday, August 25th. Finally, Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $76.54.
Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Microsoft Corporation during the fourth quarter worth approximately $4,334,099,000. Capital Research Global Investors raised its position in Microsoft Corporation by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Dodge & Cox acquired a new position in Microsoft Corporation during the fourth quarter worth approximately $2,658,504,000. Janus Henderson Group PLC raised its position in Microsoft Corporation by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Microsoft Corporation by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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