Microsoft Co. (NASDAQ:MSFT) CMO Christopher C. Capossela Sells 2,500 Shares

Microsoft Co. (NASDAQ:MSFT) CMO Christopher C. Capossela sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.01, for a total value of $360,025.00. Following the sale, the chief marketing officer now owns 118,944 shares in the company, valued at approximately $17,129,125.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

NASDAQ:MSFT opened at $145.96 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $145.99. The stock’s 50-day moving average is $139.85 and its two-hundred day moving average is $135.04. The stock has a market cap of $1,102.06 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The business had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 5.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.51 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. Microsoft’s payout ratio is presently 38.74%.

Microsoft announced that its Board of Directors has approved a stock buyback plan on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Navellier & Associates Inc lifted its holdings in Microsoft by 0.6% in the 2nd quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after purchasing an additional 95 shares during the last quarter. Empirical Finance LLC lifted its holdings in Microsoft by 3.5% in the 2nd quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after purchasing an additional 295 shares during the last quarter. Legacy Financial Strategies LLC acquired a new stake in Microsoft in the 2nd quarter worth approximately $211,000. Axiom International Investors LLC DE lifted its holdings in Microsoft by 24.3% in the 2nd quarter. Axiom International Investors LLC DE now owns 1,042,490 shares of the software giant’s stock worth $139,652,000 after purchasing an additional 203,715 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its holdings in Microsoft by 0.6% in the 2nd quarter. Independence Bank of Kentucky now owns 14,960 shares of the software giant’s stock worth $2,004,000 after purchasing an additional 95 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the company. Royal Bank of Canada boosted their price objective on Microsoft from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley boosted their price objective on Microsoft from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Sanford C. Bernstein restated a “buy” rating and set a $167.00 price objective on shares of Microsoft in a report on Monday, October 28th. Piper Jaffray Companies restated an “overweight” rating and set a $158.00 price objective on shares of Microsoft in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $169.00 price objective on shares of Microsoft in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $159.45.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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