Shares of Microsoft Corp. (NASDAQ:MSFT) hit a new 52-week high on Thursday . The stock traded as high as $57.52 and last traded at $57.44, with a volume of 12,002,338 shares changing hands. The stock had previously closed at $56.97.

Several analysts have weighed in on the company. Citigroup Inc. reaffirmed a “sell” rating on shares of Microsoft Corp. in a research note on Saturday, April 23rd. Goldman Sachs Group Inc. reaffirmed a “hold” rating on shares of Microsoft Corp. in a research note on Saturday, April 23rd. BMO Capital Markets reaffirmed a “buy” rating on shares of Microsoft Corp. in a research note on Saturday, April 23rd. Stifel Nicolaus reaffirmed a “buy” rating on shares of Microsoft Corp. in a research note on Saturday, April 23rd. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $62.00 price target on shares of Microsoft Corp. in a research report on Saturday, April 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.88.

The stock’s 50-day moving average is $53.46 and its 200 day moving average is $52.58. The stock has a market cap of $451.65 billion and a PE ratio of 27.60.

Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Equities research analysts anticipate that Microsoft Corp. will post $2.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.48%.

In other news, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Jennison Associates LLC increased its position in Microsoft Corp. by 300.9% in the fourth quarter. Jennison Associates LLC now owns 23,835,668 shares of the software giant’s stock worth $1,322,403,000 after buying an additional 17,890,575 shares in the last quarter. Boston Partners increased its position in Microsoft Corp. by 0.7% in the fourth quarter. Boston Partners now owns 23,094,697 shares of the software giant’s stock worth $1,281,294,000 after buying an additional 171,842 shares in the last quarter. American Century Companies Inc. increased its position in Microsoft Corp. by 15.2% in the fourth quarter. American Century Companies Inc. now owns 12,534,512 shares of the software giant’s stock worth $695,415,000 after buying an additional 1,655,964 shares in the last quarter. Eaton Vance Management increased its position in Microsoft Corp. by 1.1% in the fourth quarter. Eaton Vance Management now owns 11,500,931 shares of the software giant’s stock worth $638,072,000 after buying an additional 121,004 shares in the last quarter. Finally, US Bancorp DE increased its position in Microsoft Corp. by 6.5% in the fourth quarter. US Bancorp DE now owns 5,809,634 shares of the software giant’s stock worth $322,319,000 after buying an additional 355,747 shares in 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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