Microsoft Co. (NASDAQ:MSFT) CMO Sells $423,480.00 in Stock

Microsoft Co. (NASDAQ:MSFT) CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the completion of the sale, the chief marketing officer now owns 56,511 shares of the company’s stock, valued at $23,931,278.28. The trade was a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Takeshi Numoto also recently made the following trade(s):

• On Monday, December 2nd, Takeshi Numoto sold 2,500 shares of Microsoft stock. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00.
• On Friday, November 22nd, Takeshi Numoto sold 1,000 shares of Microsoft stock. The stock was sold at an average price of $414.72, for a total value of $414,720.00.
• On Tuesday, September 10th, Takeshi Numoto sold 2,500 shares of Microsoft stock. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00.

Microsoft Price Performance

MSFT stock opened at $431.20 on Wednesday. The company has a fifty day simple moving average of $420.83 and a two-hundred day simple moving average of $426.70. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.21 trillion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. Microsoft’s revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is currently 27.39%.

Institutional Trading of Microsoft

Institutional investors and hedge funds have recently made changes to their positions in the business. Rebalance LLC boosted its position in Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after buying an additional 24 shares during the period. First National Bank Sioux Falls grew its stake in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares in the last quarter. BCK Partners Inc. increased its holdings in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Doheny Asset Management CA raised its position in Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares in the last quarter. Finally, Flagship Private Wealth LLC lifted its holdings in shares of Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Cowen cut their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Sanford C. Bernstein cut their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. UBS Group dropped their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets decreased their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.