Microsoft’s (MSFT) Buy Rating Reaffirmed at DZ Bank
MSFT has been the topic of several other research reports. Barclays boosted their price objective on shares of Microsoft from $117.00 to $120.00 and gave the stock a buy rating in a report on Friday, September 7th. Oppenheimer set a $127.00 price objective on shares of Microsoft and gave the stock a buy rating in a report on Monday, October 1st. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the stock a buy rating in a report on Tuesday, October 2nd. Wells Fargo & Co restated a buy rating and set a $130.00 price objective on shares of Microsoft in a report on Thursday, September 27th. Finally, Macquarie restated a buy rating on shares of Microsoft in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. Microsoft has an average rating of Buy and a consensus price target of $121.24.
Microsoft stock traded up $0.16 on Thursday, reaching $108.66. 3,303,234 shares of the stock were exchanged, compared to its average volume of 32,216,756. The firm has a market cap of $852.44 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. Microsoft has a twelve month low of $77.35 and a twelve month high of $116.18.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. This is a boost from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s payout ratio is presently 43.30%.
In other Microsoft news, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the sale, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 28,941 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the sale, the insider now directly owns 529,721 shares in the company, valued at $57,739,589. The disclosure for this sale can be found here. In the last three months, insiders sold 650,042 shares of company stock worth $71,264,850. 1.49% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Microsoft by 1.4% in the second quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock valued at $49,959,403,000 after buying an additional 6,786,483 shares during the period. FMR LLC lifted its holdings in Microsoft by 2.4% in the second quarter. FMR LLC now owns 231,776,134 shares of the software giant’s stock valued at $22,855,445,000 after buying an additional 5,367,919 shares during the period. Northern Trust Corp lifted its holdings in Microsoft by 0.3% in the second quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock valued at $9,209,934,000 after buying an additional 258,761 shares during the period. Morgan Stanley lifted its holdings in Microsoft by 3.6% in the second quarter. Morgan Stanley now owns 58,069,024 shares of the software giant’s stock valued at $5,726,188,000 after buying an additional 2,007,248 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Microsoft by 1.2% in the second quarter. Janus Henderson Group PLC now owns 48,317,706 shares of the software giant’s stock valued at $4,764,670,000 after buying an additional 592,272 shares during the period. 71.92% of the stock is currently owned by hedge funds and other institutional investors.
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 for businesses, 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.
Recommended Story: Growth Stocks, What They Are, What They Are Not
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.