Microsoft Corp. (MSFT) Sets New 1-Year High at $57.29
Shares of Microsoft Corp. (NASDAQ:MSFT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.29 and last traded at $57.00, with a volume of 16,077,636 shares changing hands. The stock had previously closed at $56.73.
A number of analysts have issued reports on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $62.00 price objective on shares of Microsoft Corp. in a report on Friday, July 22nd. Argus reissued a “hold” rating on shares of Microsoft Corp. in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $64.00 price objective (down previously from $66.00) on shares of Microsoft Corp. in a report on Monday, April 18th. Nomura reissued a “buy” rating and issued a $36.00 price objective (up previously from $35.00) on shares of Microsoft Corp. in a report on Tuesday, April 19th. Finally, Citigroup Inc. boosted their price objective on shares of Microsoft Corp. from $37.00 to $40.00 and gave the company a “sell” rating in a report on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.88.
The stock has a market capitalization of $438.03 billion and a P/E ratio of 26.71. The company’s 50-day moving average price is $52.23 and its 200-day moving average price is $52.35.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The firm earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities research analysts predict that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Tuesday, August 16th.
In other Microsoft Corp. news, EVP Kathleen T. Hogan sold 17,500 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $50.04, for a total value of $875,700.00. Following the completion of the transaction, the executive vice president now owns 181,146 shares of the company’s stock, valued at approximately $9,064,545.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William H. Gates III sold 5,300,000 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $50.04, for a total value of $265,212,000.00. Following the completion of the transaction, the director now directly owns 204,240,353 shares of the company’s stock, valued at approximately $10,220,187,264.12. The disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. Rothschild Capital Partners LLC acquired a new position in shares of Microsoft Corp. during the fourth quarter worth $3,440,000. Cambridge Trust Co. raised its stake in Microsoft Corp. by 1.6% in the fourth quarter. Cambridge Trust Co. now owns 498,222 shares of the software giant’s stock valued at $27,641,000 after buying an additional 7,628 shares during the last quarter. Hanseatic Management Services Inc. acquired a new stake in Microsoft Corp. during the fourth quarter valued at approximately $4,063,000. Transamerica Financial Advisors Inc. raised its stake in Microsoft Corp. by 5.3% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 94,436 shares of the software giant’s stock valued at $5,240,000 after buying an additional 4,755 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Microsoft Corp. by 10.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 516,548 shares of the software giant’s stock valued at $28,658,000 after buying an additional 50,364 shares during the last quarter.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.
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