Microsoft Co. (NASDAQ:MSFT) CMO Takeshi Numoto Sells 244 Shares of Stock

Microsoft Co. (NASDAQ:MSFTGet Free Report) CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Friday, May 31st, Takeshi Numoto sold 322 shares of Microsoft stock. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20.

Microsoft Stock Up 0.6 %

Shares of NASDAQ MSFT opened at $416.07 on Wednesday. The firm’s 50-day moving average price is $416.01 and its 200-day moving average price is $401.76. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 36.02, a P/E/G ratio of 2.18 and a beta of 0.89. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.45 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MSFT shares. Raymond James reiterated an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Finally, Sanford C. Bernstein boosted their price objective on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $457.91.

Read Our Latest Stock Analysis on MSFT

Institutional Trading of Microsoft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT. Friedenthal Financial purchased a new stake in Microsoft in the 4th quarter worth about $45,000. Neo Ivy Capital Management purchased a new stake in Microsoft in the 4th quarter worth about $58,000. Richardson Capital Management LLC raised its position in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the period. PayPay Securities Corp grew its stake in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares in the last quarter. Finally, Bellevue Group AG grew its stake in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Company Profile

(Get Free Report)

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.

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