Microsoft (MSFT) Given a $125.00 Price Target at Macquarie
A number of other analysts also recently issued reports on MSFT. Barclays lifted their price objective on shares of Microsoft from $117.00 to $120.00 and gave the company a buy rating in a report on Friday, September 7th. Oppenheimer set a $127.00 price objective on shares of Microsoft and gave the company 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 company a buy rating in a report on Tuesday, October 2nd. Wells Fargo & Co reiterated a buy rating and issued a $130.00 price objective on shares of Microsoft in a report on Thursday, September 27th. Finally, Nomura set a $115.00 price objective on shares of Microsoft and gave the company a buy rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $121.88.
Shares of MSFT stock opened at $104.62 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92. The company has a market cap of $833.81 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.97 and a beta of 1.26. Microsoft has a 52 week low of $80.70 and a 52 week high of $116.18.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. This is a boost from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. Microsoft’s payout ratio is 47.42%.
In other news, insider Frank H. Brod sold 20,000 shares of Microsoft stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $107.70, for a total transaction of $2,154,000.00. Following the completion of the sale, the insider now owns 66,676 shares of the company’s stock, valued at $7,181,005.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total value of $4,452,400.00. Following the sale, the executive vice president now directly owns 339,972 shares of the company’s stock, valued at approximately $37,842,283.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 479,080 shares of company stock valued at $52,100,893. Company insiders own 1.38% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Peak Capital Management LLC acquired a new position in Microsoft during the second quarter worth about $107,000. Fort L.P. acquired a new position in Microsoft during the second quarter worth about $119,000. Woodard & Co. Asset Management Group Inc. ADV raised its stake in Microsoft by 90.5% during the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock worth $119,000 after acquiring an additional 498 shares in the last quarter. WP Advisors LLC acquired a new position in Microsoft during the second quarter worth about $131,000. Finally, Quattro Financial Advisors LLC acquired a new position in Microsoft during the third quarter worth about $132,000. 72.12% of the stock is owned by 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.
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